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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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