25. Aloan Co. provides the following sales forecast for the next three months: January February March Sales units 3,800 5,000 5,800

The company wants to end each month with ending finished goods inventory equal to 20% of the next months sales. Finished goods inventory on December 31 is 760 units. The budgeted production units for January are:

Multiple Choice 4,800 units. 152 units. 4,040 units. 3,800 units. 3,560 units.

29. Milltown Company specializes in selling used cars. During the month, the dealership sold 36 cars at an average price of $30,000 each. The budget for the month was to sell 31 cars at an average price of $31,100. Compute the dealerships total sales variance for the month.

Multiple Choice $39,600 favorable. $39,600 unfavorable. $115,900 favorable. $155,500 favorable. $155,500 unfavorable.

32. Fernwood Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 248,000 Cash dividends declared for the year 53,750 Proceeds from the sale of equipment 91,600 Gain on the sale of equipment 4,950 Cash dividends payable at the beginning of the year 23,650 Cash dividends payable at the end of the year 31,500 Net income for the year 118,250 The amount of cash paid for dividends was:

Multiple Choice $45,900. $64,500. $63,100. $55,150. $53,750.