ABC company has budgeted $200,000 of sales for January. Sales are 50% cash and 50% on credit. Credit sales are collected 100% in the month following the sale A/R at Dec 31 = $0 ( because ABC started operations on Jan 1) What are the cash collections for January? Select one: $0 none of these $50,000 $100,000ABC Company expects sales of product W to be 60,000 units in April, 75,000 units in May and 70,000 units in June. The company desires that the inventory on hand at the end of each month be equal to 40% of the next month's expected unit sales. Due to excessive production during March, on March 31 there were 25,000 units of product W in the ending inventory. Given this information, ABC Company's production of product W for the month of April should be how many units? Select one: 60,000 55,000 65,000 75,000ABC company has budgeted the following sales. January February Sales ( on Income statement) $100,000 $200,000 The selling price is $20 per unit and the unit cost is $ 12 per unit In addition to having enough units to meet monthly sales, ABC would like ending inventory to be equal to 10% of the following months sales. Inventory at Dec 31 = $6,000. How much inventory in dollars should ABC buy in January? Select one: O $66,000 $78,000 O $30,000 $72,000ABC plans to produce 5000 units in January. Each unit requires 45 minutes of direct labour time to manufacture. The direct labour hourly rate is $7. Compute the amount of direct labour cost ABC should budget for in January. Important Round your answer to two decimal places. Do not use $ signs, commas, or words. For example: enter "1234.00" and not "$1,245.00 per hour