4. Blue has forecast sales to be $410,000 in February, $540,000 in March, 620,000 in May. The average cost of goods sold is 60% of sales sales are collected 50% inthe month of sale, 30% the month folowing after the sale. What are budgeted cash receipts in May 580,000 in April, and . Al sales are made on credit and month following and the remainder two months A May A. $592.000 B. $620,000 C. $310,000 D. $483,334 246, 3240 342 37 20oo 5. sales to be $250,000 in February, s270.000 in March, $300,000 in April, and Orchard has forecast $280,000 in May. The average cost of goods sold is 70% of sales. Al sales are made on crea and sales are collected 60% in the month of sale, and 40% the month folowig what is the budgeted Accounts Receivable balance on May 31? A $196,000 B. $117,600 C. $112,000 D. $168,000 6. A quantity standard is A the total dollar amount that a company expects to spend to achieve a given level of output B. a form that shows what the company should spend to make a single unit of product C. the price that should be paid for a specific quantity of input D. the amount of input that should be used in each unit of product or service