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Beridze Manufacturing expects to produce 2,000 units in January and 3,600 units in February. Beridze budgets $40 per unit for direct materials. The amount of indirect materials needed for production has been determined to be insignificant and will therefore not be considered in the calculation. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is $37,850. Beridze desires the ending balance in Raw Materials Inventory to be 40% of the next month's direct materials needed for production. Desired ending balance for February is $50,300. What is the cost of budgeted purchases of direct materials needed for January? O A. $99,750 O B. $80,000 O C. $74,150 O D. $137,600A manufacturing company's budgeted income statement includes the following data: Data extracted from budgeted income statement Mar Apr May Jun Sales revenue $130,000 $100,000 $100,000 $110,000 Commission expense (10% of sales) 13,000 10,000 10,000 11,000 Salaries expense 32,000 32,000 32,000 32,000 Miscellaneous expense-5% of sales 6,500 5,000 5,000 5,500 Rent expense 3,900 3,900 3,900 3,900 Utilities expense 2,000 2,000 2,000 2,000 Insurance expense 2.600 2.600 2.600 2.600 Depreciation expense 4,100 4, 100 4,100 4, 100 The budget assumes that 60% of commission expenses are paid in the month they are incurred and the remaining 40% are paid one month later. In addition, 50% of salaries expenses are paid in the same month, and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and utilities expenses are assumed to be paid in the same month in which they are incurred. Insurance has been paid in advance for the year on January 1. Calculate total budgeted cash payments for selling and administrative expenses for the month of April. O A. $60,800 O B. $54, 100 O C. $56,700 O D. $48,200Teleoo Corp. is preparing its budget for the rst quarter of the current year. The following data is provided: Inventory. Purchases. and COGS Budget Jan Feb March Cost of goods sold (at 531000 $28000 $30000 Desired ending inventory {b} 105% 11000I '? Total inventory required 41500 390% Less: Beginning inventory {15.000} {10.600} Budgeted Purchases 823500 823400 [a] COGS = 75% of sales (b) $3000 + 20% of COGS for next month April's cost ofgoods sold is $20000. The amount of Merchandise Inventory to be shown on the budgeted balance sheet at March 31 would be [J A. $315300 [:1 B. $111200 [:1 C. $115300 L1 D. $10600 Camellia, a merchandising company, has provided the following extracts from their budget for the first quarter of the forthcoming year: Jan Feb March Sales(3%ca5h] $500 $i' $900 The company collects T091: of credit sales in the same month and the balance in the next. month. Calculate the collections from the customers for the month of February. [:1 A. $653000 [:1 B. $553J3EJU [:1 C. \"00:000 [J D. $443000 Roberts Company has the following sales budget for the first four months and the year: January February March April Total Budgeted units to sell 500 1,000 2,000 2,150 5.650 Sales price per unit 540 540 540 540 540 Total sales $20,000 $40,000 $80,000 $86,000 $226,000 What is the new amount of budgeted total sales for March if the budgeted number of units is expected to be 2,300 units instead of 2,000 units? O A. $40,000 O B. $92,000 O C. $172,000 O D. $238,000