26.ABC Company collects cash from customers as follows: 60% in the month of sale, 20% in the month after sale, 19% in the second month after sale, and 1% is never collected. Bad debts are written off annually in December. Budgeted sales are all on credit and amount to: May June July August $600,000 $700,000 $500,000 $600,000 What is the budgeted amount of cash to be collected in July?Single choice.

(1 Point)

$560,000

$551,000

$558,000

$554,000

31.ABC firm sells a particular product for Rs 70. Variable expenses are Rs 43 per book. At the current volume of 45,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the product total:Single choice.

(1 Point)

Rs 1,315,000

Rs 1,115,000

Rs 1,015,000

Rs 1,215,000

36.A company applies overhead based on machine hours. The predetermined overhead rate for the year was $25 per machine hour. Actual machine hours were 8,000. The amount of underapplied overhead was $4,000. What was the amount of actual overhead costs incurred?Single choice.

(1 Point)

$196,000

$150,000

$200,000

$204,000