14. Refer to the information above. For the year, budivered cash paymens to mipplien alnounted to b. $3376,000 d. $424,000. 15. Y Company produces chairs. The production budget for the next four months is 3uly. 6,000 units, August 7,000, September 7,500. Each chair requires 22 hours of akilled Jabor (paid \$1s per hour). How much will be paid to skilled labor during the Quarter 3 (b) $292,500 c. $677,500 d. $742,500 16. Company has forecast production for the next three months as follows: July 5,000 units, August 6,600 units, September 7,500 units. Monthly manufacturing overheid is budgeted to be $17,000 plus $5 per unit produced. What is budgeted manufacturing overhead for July? a. $24,500 b. $41,500 (c) $42,000 d. $47,000 17. S Company has forecast sales to be $110,000 in February, $145,000 in March, $170,000 in April, and $180,000 in May. All sales are on made on credit and sales are collected 60% in the month of sale, and 40% the month following. What are budgeted cash receipts in March? (a.) $131,000 b. $135,000 c. $94,500 d. $91,700 18. Company has forecast purchases on account to be $210,000 in March, $270,000 in April, $320,000 in May, and $390,000 in June. Seventy percent of purchases are paid for in the month of purchase, the remaining thirty percent are paid in the following month. What are budgeted cash payments for April? (a.) $252,000 b. $285,000 c. $159,000 d. $126,000 19. N Company is preparing a cash budget for June. The company has $12,000 cash at the beginning of June and anticipates $30,000 in cash receipts and $34,500 in cash 14. Refer to the information above. For the year, budivered cash paymens to mipplien alnounted to b. $3376,000 d. $424,000. 15. Y Company produces chairs. The production budget for the next four months is 3uly. 6,000 units, August 7,000, September 7,500. Each chair requires 22 hours of akilled Jabor (paid \$1s per hour). How much will be paid to skilled labor during the Quarter 3 (b) $292,500 c. $677,500 d. $742,500 16. Company has forecast production for the next three months as follows: July 5,000 units, August 6,600 units, September 7,500 units. Monthly manufacturing overheid is budgeted to be $17,000 plus $5 per unit produced. What is budgeted manufacturing overhead for July? a. $24,500 b. $41,500 (c) $42,000 d. $47,000 17. S Company has forecast sales to be $110,000 in February, $145,000 in March, $170,000 in April, and $180,000 in May. All sales are on made on credit and sales are collected 60% in the month of sale, and 40% the month following. What are budgeted cash receipts in March? (a.) $131,000 b. $135,000 c. $94,500 d. $91,700 18. Company has forecast purchases on account to be $210,000 in March, $270,000 in April, $320,000 in May, and $390,000 in June. Seventy percent of purchases are paid for in the month of purchase, the remaining thirty percent are paid in the following month. What are budgeted cash payments for April? (a.) $252,000 b. $285,000 c. $159,000 d. $126,000 19. N Company is preparing a cash budget for June. The company has $12,000 cash at the beginning of June and anticipates $30,000 in cash receipts and $34,500 in cash