Question
1. Petra Co. reported the following information for 2019: October November December Budgeted sales 688,781 818,251 $900,000 80% sales are on credit. Customer amounts on
1. Petra Co. reported the following information for 2019: October November December Budgeted sales 688,781 818,251 $900,000 80% sales are on credit. Customer amounts on account are collected 60% in the month of sale and 40% in the following month. How much is the November 30, 2019 budgeted Accounts Receivable? (round your answer to the nearest dollar)
2. Gyro Inc. produces flash drives for computers, which it sells for $15 each. Each flash drive costs $4.5 of variable costs to make. During August, 2,000 drives were sold. Fixed costs for August were $3.60 per unit.
If variable costs decrease by 10%, the break-even level of units per month for Gyro will be
3. During 2019, Goodman Manufacturing expected Job No. 25 to cost $250,000 of overhead, $400,000 of materials, and $250,000 in labor. Goodman applied overhead based on direct labor cost. Actual production required an overhead cost of $285,000, $560,000 in materials used, and $230,000 in labor. All of the goods were completed.The amount transferred to finished goods was??
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