Question
39. Red and White Company reported the following monthly data: Units produced 3,600 units Sales price $ 41 per unit Direct materials $ 7 per
39.
Red and White Company reported the following monthly data:
Units produced | 3,600 | units | |
Sales price | $ | 41 | per unit |
Direct materials | $ | 7 | per unit |
Direct labor | $ | 5 | per unit |
Variable overhead | $ | 8 | per unit |
Fixed overhead | $ | 9,000 | in total |
What is Red and White's net income under absorption costing if 1,140 units are sold and selling and administrative expenses are $16,200?
40.
Red and White Company reported the following monthly data:
Units produced | 3,600 | units | |
Sales price | $ | 41 | per unit |
Direct materials | $ | 7 | per unit |
Direct labor | $ | 5 | per unit |
Variable overhead | $ | 8 | per unit |
Fixed overhead | $ | 9,000 | in total |
What is Red and White's net income under variable costing if 1,140 units are sold and operating expenses are $16,200?
46.The Gardner Company expects sales for October of $255,000. Experience suggests that 40% of sales are for cash and 60% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $70,500. What is the amount of Accounted Receivables on the October 31 budgeted balance sheet?
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