4. Al Maha Company makes collections on sales according to the following schedule: 10% in the month of sale 50% in the month following sale 40% in the second month following sale The following sales are expected: January February March Expected Sales $80,000 $100,000 $120,000 Cash collections in March should be budgeted to be: A. $113,000 B. $90,000 C. $94,000 D. $96,000 5. Which of the following is not a benefit of budgeting? A. It sets some standards to evaluate performance. B. It uncovers drawbacks of department performance C. It reduces the need to track the actual cost activity. D. It formalizes a manager's planning efforts. 6. A-Lumber Company uses the weighted-average method in its process costing system. Information for the month of June presented below: Units Percentage Completion In Respect to Conversion Costs 90% Beginning WIP Started during June Completed and Transferred Out Ending WIP 12,000 18,000 20,000 10,000 40% The conversion cost in beginning work in process inventory was $20,000 at the beginning of June. Additional conversion costs of $70,000 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? A. $3.75 B. $3.00 C. $3.46 D. $4.40