Question 3.3.( TCO A) The following data( in thousands of dollars) have been taken from the accounting records of the Maroon Corporation for the just-completed year. Sales 1,700 Raw materials inventory, beginning 50 Raw materials inventory, ending 25 Purchases of raw materials 210 Direct labor 360 Manufacturing overhead 330 Administrative expenses 400 Selling expenses 200 Work-in-process inventory, beginning 120 Work-in-process inventory, ending 150 Finished goods inventory, beginning 80 Finished goods inventory, ending 120 Use the above data to prepare( in thousands of dollars) a schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold for the year. In addition, what is the impact on the financial statements if the ending finished goods inventory is overstated or understated?( Points: 25) Question 4.4.( TCO F) Walker Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $ 43,000. Budgeted cash receipts total $ 117,000 and budgeted cash disbursements total $ 122,000. The desired ending cash balance is $ 55,000. The company can borrow up to $ 100,000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company ' s cash budget for November in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance( Points: 25) Question 5.5.( TCO F) The following overhead data are for a department of a large company. Actual Costs Incurred Static Budget Activity level( in units) 360 340 Variable costs: Indirect materials $ 4,182 $ 4,148 Electricity $ 2,536 $ 2,414
Fixed costs: