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Crew Clothing (CC) sells women's resort casual clothing to high-end department stores and in its own retail boutiques. CC expects sales for January, February, and March to be $420,000,$480,000, and $500,000, respectively. Twenty percent of CC's sales are cash, with the remainder collected evenly over two months. During December, CC's total sales were $730,000. CC is beginning its budget process and has asked for your help in preparing the cash budget. Compute CC's expected cash receipts from customers for each month. Garfield Corporation expects to sell 1,000 units of its pet beds in March and 500 units in April. Each unit sells for $110. Garfield's ending inventory policy is 30 percent of the following month's sales. Garfield pays its supplier $50 per unit. Compute Garfield's budgeted purchases of pet beds for March. Croy Incorporated has the following projected sales for the next five months: Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials cost $3.20 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,640 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of direct materials purchased for April and May. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Determine budgeted production for April, May, and June. Note: Do not round your intermediate calculations and round your final answers to the nearest whole number. Croy Incorporated has the following projected sales for the next five months: Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials cost $3.20 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,640 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of direct materials purchased for April and May. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Determine budgeted cost of direct materials purchased for April and May. Note: Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal places. Evanson Company expects to produce 576,000 units during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: Required: Prepare a flexible manufacturing budget using 20,000 unit increments. Myrtle Company has sales of $179,000, cost of goods sold of $74,650, operating expenses of $18,670, average invested assets of $560,000, and a hurdle rate of 6.75 percent. Calculate Myrtle's return on investment and its residual income. Note: Enter your ROI answer as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34% ). Round your Residual Income (Loss) answer to the nearest whole dollar. Peppertree Company has two divisions, East and West. Division East manufactures a component that Division West uses. The variable cost to produce this component is $1.51 per unit; full cost is $2.03. The component sells on the open market for $4.97. Assuming Division East has excess capacity, what is the lowest price Division East will accept for the component? What is the highest price that Division West will pay for it? Note: Enter your answers in 2 decimal places