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1. 2. 3. 4. Tetarto Limited is formulating its master budget for the December quarter and presents the following data: Monthly sales data: August $36,000
1. 2. 3. 4.
Tetarto Limited is formulating its master budget for the December quarter and presents the following data: Monthly sales data: August $36,000 September $43,000 October $38,000 November $55,000 December $69,000 Based on previous experience, these sales are expected to be collected as follows:: 80% in the month of sale 15% in the month after sale 5% in the second month after sale Required Calculate, to the nearest dollar, the amount expected to be collected from customers in November. Eikasia Limited budgeted for a profit before interest and tax of $3,500 for the month of December. The actual profit before interest and tax was a favourable variance of 16% Calculate, to the nearest whole dollar, the actual profit before interest and tax. Eikasia Limited reported an actual expense for cost of sales of $35,000 for the month of December. This resulted in an unfavourable variance of $4,500. Calculate the absolute value of the % variance to one decimal place. Entasi Ltd provides the following budget information for November: Selling price $33 Variable costs per unit $12 Fixed costs $40,000 Volume of sales 6,000 units Calculate the budgeted profit or loss for NovemberStep by Step Solution
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