8 Receipts nation to create the overhead budget for 2,800 direct labor employee hours. Sales on account for the first two months of the current year are budgeted as follows. January February.. $800,000 880,000 All sales are made on terms of 2/10, n/30 (2 percent discount if paid in 10 days, full amount by 30 days); collections on accounts receivable are typically made as follows. Collections within the month of sale: Within discount period After discount period ... Collections within the month following sale: Within discount period After discount period ... Returns, allowances, and uncollectibles.. Total 70% 10 12 2 100% Compute the estimated cash collections on accounts receivable for the month of February. SQU On March 1 of the current year, Spicer Corporation compiled information to prepare a cash budget

the overhead budget for 2.800 direct labor employee hours. months of the current year are budgeted as follows. February All sales are made on terms of 2/10,n/30 ( 2 percent discount if paid in 10 days, full amount by 30 days); collections on accounts receivable are typically made as follows. Compute the estimated cash collections on accounts receivable for the month of February. On March 1 of the current vear. Spicer Corporation compiled information to prepare a cash budget the overhead budget for 2.800 direct labor employee hours. months of the current year are budgeted as follows. February All sales are made on terms of 2/10,n/30 ( 2 percent discount if paid in 10 days, full amount by 30 days); collections on accounts receivable are typically made as follows. Compute the estimated cash collections on accounts receivable for the month of February. On March 1 of the current vear. Spicer Corporation compiled information to prepare a cash budget