8.

Assume a companys direct labor budget for September estimates 10,000 labor-hours to meet the months production requirements. The variable manufacturing overhead rate used for budgeting purposes is $3.00 per direct labor-hour. The budgeted fixed manufacturing overhead for September is $60,000 including $8,000 of depreciation. What is the total budgeted manufacturing overhead for September?

9.

Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $45,000 and $63,000, respectively. The company expects to collect 45% of its credit sales in the month of the sale and the remaining 55% in the following month. What is the expected cash collections from credit sales during the first month?