1. Under absorption costing, a company had the following unit costs when 2,000 units were produced:

Direct Labor $1 Per Unit

Direct Material $2 Per Unit

Variabe Overhead $3 Per Unit

Total Variable $9 Per Unit

Fixed Overhead ($6,000/2,000 units) $3 Per Unit

Total Productions Cost ???Per Unit

What is the Total Productions Cost?

8. XYZ Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted to be $200,000 for March and $220,000 for April, What are the budgeted cash receipts from sales on account for April?