24. Mad Dog fence company expects to sell an average of 30 fences p/month from January through December, the fence sells for $1000. The cost of materials is $250 per fence, the cost of labor is $350 per fence. Expenses are in the month they are incurred. What is Mad dog's budgeted revenue for each month? a. $6,000 b. $30,000 c. $18,000 d. $12,000 25. Mad Dog fence company has a production budget of 30 fences p/ month from January - December. Mad dog needs 1000 boards for each fence, and always wants 2000 in desired ending inventory. If Mad dog is starting with zero inventory, how many boards do they need to purchase in the month of January, and February respectively? a. 30,000 and 30,000 b. 60,000 and 30,000 c. 32,000 and 30,000 d. 62,000 and 32,000 26. When preparing budgets in a manufacturing company, what is the logical order to follow? a. Income Statement Budget, Cash Receipts Budget, Sales Budget b. Cash Payments budget, Production Budget, Sales Budget c. Sales Budget, Production Budget, Direct Materials Budget d. Balance Sheet Budget, Income Statement Budget, Cash Borrowing Budget 27. Davidson Dog Toys has the following information: The selling price for her product, The Laci Lizard Toy is $10 /unit Davidson's Sales Budget is 1000 lizards in January, 900 lizards in February, and 1200 lizards in March. Gross Profit is 40% of Sales. Davidson desires 10% of next month's COGS to remain in inventory at the end of each month. What is Davidson's inventory purchases budget for January and February respectively? a. 109 units b. $10900 and $9000 c. $5940 and $5580 d. $6540 and $6120