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23. Which one of the following sections would not appear on a cash budget? a) Cash receipts. b) Financing. c) Investing. d) Cash disbursements. 24.

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23. Which one of the following sections would not appear on a cash budget? a) Cash receipts. b) Financing. c) Investing. d) Cash disbursements. 24. Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor Clay mix costs $0.40 per pound and employees of the company are paid S12.00 per hour. Manufacturing overhead is applied at a rate of 1 10% of direct labor costs. Teller has 3900 pounds of clay mix in beginning inventory and wants to have 4,500 pounds in ending inventory What is the total amount to be budgeted for manufacturing overhead for the month? a) $2,871. b) $2,970. c) $11,484. d) $11,880. 25. Same information as in question 24. What is the total budgeted amount of the direct materials to be purchased for the month? a) $15,072. b) $15,312. c) S15,552. d) $16,080

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