A company's history indicates that 20% of its sales are for cash and the rest are on credit Collections on credit sales are 20% in the month of the sale, 50% in the next month, 20% the following month, and 10% is uncollectible. Projected sales for December, January, and February are $75,000, $100.000 and $110,000, respectively. The February expected cash receipts from all current and prior credit sales is: Southland Company is preparing a cash budget for August. The company has $16,900 cash at the beginning of August and anticipates $123,000 in cash receipts and $134,400 in cash disbursements during August. Southland Company wants to maintain a minimum cash balance of $10,000. The preliminary cash balance at the end of August before any loan activity is: A company's flexible budget for 15,000 units of production showed sales, $87,000; variable costs, $33,000; and fixed costs, $10,000. The contribution margin expected if the company produces and sells 10,000 units is: Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is. Direct materials standard (2 lbs @ $3/lb) Total direct materials cost variance-unfavorable Actual direct materials used Actual finished units produced $6 per finished unit $22,250 75,000 lbs. 25,000 units