1.A company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales were:

January	$430000
February	286000
March	610000

The cash inflow in the month of March is expected to be

$366000.

$451800.

$473300.

$402300.

2.A flexible budget can be prepared for which of the following budgets comprising the master budget?

Sales.

Overhead.

Direct materials.

All of these answers are correct.