Hello I am working on the homework below but I am unsure of

Hello, I am working on the homework below, but I am unsure of how to solve it. Please help me in solving the homework below.

2. Kaspar Industries expects credit sales for January, February, and March to be $204,700, $262,800, and $317,800, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month.

3. Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $10, direct labor $12, variable manufacturing overhead $7, fixed manufacturing overhead $14, variable selling and administrative expenses $6, and fixed selling and administrative expenses $8. Using a 41% markup percentage on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.)

PERINE COMPANY Direct Materials Budget January 31, 2017For the Month Ending January 31, 2017For the Quarter Ending January 31, 2017
Direct Materials PurchasesCost Per PoundDesired Ending InventoryTotal Materials RequiredTotal Pounds Required for ProductionTotal Required Direct Labor HoursDirect Labor Cost Per HourDirect Labor Time Per UnitUnits to be ProducedTotal Direct Labor CostDirect Materials Per UnitBeginning Materials InventoryTotal Cost of Direct Materials Purchases
Total Required Direct Labor HoursDirect Labor Time Per UnitDirect Materials PurchasesCost Per PoundBeginning Materials InventoryDirect Materials Per UnitDirect Labor Cost Per HourDesired Ending InventoryTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Materials RequiredTotal Pounds Required for ProductionUnits to be Produced
Direct Labor Time Per UnitDirect Materials PurchasesBeginning Materials InventoryDirect Materials Per UnitDirect Labor Cost Per HourTotal Cost of Direct Materials PurchasesTotal Pounds Required for ProductionTotal Direct Labor CostTotal Materials RequiredTotal Required Direct Labor HoursDesired Ending InventoryUnits to be ProducedCost Per Pound
AddLess : Total Cost of Direct Materials PurchasesDirect Materials Per UnitUnits to be ProducedCost Per PoundDesired Ending InventoryTotal Pounds Required for ProductionDirect Materials PurchasesDirect Labor Time Per UnitTotal Direct Labor CostTotal Materials RequiredDirect Labor Cost Per HourTotal Required Direct Labor HoursBeginning Materials Inventory
Total Cost of Direct Materials PurchasesUnits to be ProducedDesired Ending InventoryTotal Direct Labor CostBeginning Materials InventoryTotal Pounds Required for ProductionDirect Labor Cost Per HourTotal Materials RequiredTotal Required Direct Labor HoursDirect Materials PurchasesCost Per PoundDirect Materials Per UnitDirect Labor Time Per Unit
AddLess : Desired Ending InventoryBeginning Materials InventoryTotal Materials RequiredTotal Pounds Required for ProductionCost Per PoundTotal Required Direct Labor HoursUnits to be ProducedDirect Labor Cost Per HourDirect Materials Per UnitDirect Labor Time Per UnitTotal Cost of Direct Materials PurchasesDirect Materials PurchasesTotal Direct Labor Cost
Total Materials RequiredDirect Labor Cost Per HourUnits to be ProducedCost Per PoundDirect Labor Time Per UnitDirect Materials PurchasesTotal Cost of Direct Materials PurchasesBeginning Materials InventoryDesired Ending InventoryTotal Direct Labor CostTotal Required Direct Labor HoursDirect Materials Per UnitTotal Pounds Required for Production
Direct Labor Cost Per HourUnits to be ProducedBeginning Materials InventoryDirect Labor Time Per UnitTotal Materials RequiredDirect Materials PurchasesTotal Pounds Required for ProductionDirect Materials Per UnitTotal Cost of Direct Materials PurchasesTotal Direct Labor CostCost Per PoundDesired Ending InventoryTotal Required Direct Labor Hours		$
Units to be ProducedBeginning Materials InventoryTotal Required Direct Labor HoursDirect Materials PurchasesTotal Materials RequiredTotal Pounds Required for ProductionCost Per PoundDesired Ending InventoryDirect Labor Cost Per HourDirect Labor Time Per UnitDirect Materials Per UnitTotal Cost of Direct Materials PurchasesTotal Direct Labor Cost		$

Solution

Answers

For the month ending Jan 31, 2017

January

Units to be produced

4170

Direct material per unit

5

Total Pounds required for Production

20850

Add: Desired ending Inventory

7787

Total required

28637

Less: Beginning Material inventory

5421

Direct Material purchases

23216

Cost per pound

$                      6.00

Total Cost of Direct material purchases

$       1,39,296.00

Credit Sale

January

February

March

January

$       1,53,525.00

$             51,175.00

February

$         1,97,100.00

$             65,700.00

March

$         2,38,350.00

$       1,53,525.00

$         2,48,275.00

$         3,04,050.00

Working for above—

Credit Sale

January

February

March

January

=204700*0.75

=204700*0.25

February

=262800*0.75

=262800*0.25

March

=317800*0.75

A

Direct Materials

$                     10.00

B

Direct Labor

$                     12.00

C

Variable Manufacturing Overhead

$                       7.00

D

Fixed manufacturing overhead

$                     14.00

E

Variable selling & admin expenses

$                       6.00

F

Fixed selling & admin expenses

$                       8.00

G = A+B+C+D+E+F

Total Per unit Cost

$                     57.00

H = G x 41%

39% Mark up

$                     23.37

I = G + H

Target Selling Price

$                     80.37