12) 12) Gardner Company expects sales for October of $248,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $67,000. What is the amount of Accounts Receivable on the October 31 budgeted balance sheet? A) $111,600. B) $68,200. C) $136,400. D) $67,000. E) $124,000 13) 13) A sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 30,000 pairs in the second quarter of the upcoming year. Each pair of boots requires 2 kilograms (kg) of a key raw material. The company aims to end each quarter with ending raw materials inventory equal to 20% of the following quarter's material needs. Beginning inventory for this material is 18,000 kg and the cost per kg is $8. What is the budgeted materials needed in kg, in the first quarter? A) 84,000 kg. B) 90,000 kg. C) 102,000 kg. D) 120,000 kg E) 108,000 kg. 14) 14) A budget that plans the types and amounts of operating expenses expected that are not included in the selling expenses or manufacturing budget is a: A) Cash payments budget. BXGeneral and administrative expense budget. c) Selling expense budget. By Sales budget. E) Overhead budget