39-

Jasper Corporation reports the following cost information for March:

Cost of Goods Manufactured	$58,320
Direct Materials Used	15,470
Finished Goods Inventory,March 1	4,500
Finished Goods Inventory,March 31	2,650
Work-in-Process Inv. ,March 1	9,670
Work-in-Process Inv. ,March 31	1,250
Direct Labor	20,000

What is the amount of manufacturing overhead incurred by Jasper in March?

Select one:

$14,430

$136,570

$30,270

$20,000

$13,430

38-

Up-Stream Inc. is considering an investment of $448,000 in a land development project. It will yield cash flows of $200,000 for 5 years. The company uses a discount rate of 9%. What is the net present value of the investment?

Present value of an annuity :

	8%	9%	10%
1	0.926	0.917	0.909
2	1.783	1.759	1.736
3	2.577	2.531	2.487
4	3.312	3.24	3.17
5	3.993	3.89	3.791

Select one:

$230,000

$200,000

$287,000

$350,000

$330,000

$278,000

36-

The following are Vianovas estimated sales during September, October, November, and December 2019:

- September - October	$ 15,000 $ 20,000
- November - December	$ 22,000 $ 24,000

Cash receipts from customers are expected to be %50 in the month of sale, %30 in the month following the sale, and 20% in the month after month following the sale.

The companys budgeted cash receipts for November and December will be:

Select one:

$ 20,000 in November and $22,600 in December.

$ 18,500 in November and $22,000 in December.

$ 20,900 in November and $23,200 in December.

$ 18,500 in November and $21,000 in December.

$ 18,000 in November and $23,000 in December.

$ 20,500 in November and $21,000 in December.