37) Jupiter Inc: reports the following information for August Sale revenue Variable costs Fixed costs $800,000 200,000 75,000 Calculate the operating income for August using variable costing. C) $525,000 D) $450,000 B) $625,000 A) $420,000 38) Greenlam Inc. started the year with 200 units in the Finished Goods Inventory account. It produced 600 units during the year and sold 800 units. If Greenlam uses variable costing: A) its operating profit will be the same under absorption costing. B) its value of ending inventory reported in the balance sheet will be higher than absorption costing. C) its operating profit for the period will be higher than absorption costing D) its operating profit for the period will be lower than absorption costing. 43) 43) Acme Inc. has prepared its third quarter budget and provided the following data: Sep Aug Jul Cash collections Cash payments Purchases of inventory Operating expenses Capital expenditures13,000 25,000 50,000$40,000 $48,000 ,000 18,000 11,600 1,000 22, 12,000 9,000 11, The cash balance on June 30 is projected to be $4,000. The company has to maintain a minimu cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an a rate of 5%. All financing transactions are assumed to take place at the end of the month. The loan nnual balance should be repaid in increments of $5,000 whenever there is surplus cash. How much will the company have to borrow at the end of July? D) $15,000 C) $5,000 A)$0 B) $10,000 44) While preparing the budgeted income statement of a merchandising company, the amount of cost4 of goods sold can be taken from the B) inventory, purchases, and COGS budget D) budgeted cash flow statement A) capital expenditures budget. C) budgeted balance sheet