9. Memphis Company anticipates total sales for April, May, and June of $980,000, $1,080,000, and $1,130,000 respectively. Cash sales are normally 30% of total sales. Of the credit sales, 30% are collected in the same month as the sale, 65% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from total sales during the month of June.

Multiple Choice

• $638,400.

• $728,700.

• $996,700.

• $672,700.

• $1,067,700.

10.

Bengal Co. provides the following sales forecast for the next three months:

	July			August			September
Sales units		5,500			6,200			6,400

The company wants to end each month with ending finished goods inventory equal to 20% of the next month's sales. Finished goods inventory on June 30 is 1,100 units. The budgeted production units for August are:

Multiple Choice

• 7,300 units.

• 4,920 units.

• 7,480 units.

• 6,240 units.

• 4,780 units.

11.

Webster Corporation is preparing a master budget for the first quarter of the year. The company budgets production of 2,940 units in January, 2,730 units in February and 3,390 units in March. Each unit requires 0.6 hours of direct labor. The direct labor rate is $12 per hour. Compute the budgeted direct labor cost for the first quarter budget.

Multiple Choice

• $58,968.

• $65,232.

• $108,720.

• $98,280.

• $54,360.