ABC Company is Preparing budgets for the first quarter in 2021. The Budget for the the following months are: January 2021 1,010 Units February 2021 1,432 Units March 2021 1,521 Units April 2021 1,712 Units May 2021 1,611 Units The selling price is JOD 5 Per Unit.

1.The total budget sales for the first Quarter in 2021 is:

JOD 19,770

JOD 19,725

JOD 36,385

JOD 36,340

JOD 19,815

2.The Accounts Receivable on 31 December 2020 is JOD 2,351 will be collected in full in January 2021. ABC collection's pattern is 75% in the month of sale and 25% in the following month of sale. What is the expected cash collection during the first quarter:

JOD 20,186

JOD 36,677.25

JOD 17,835

JOD 17,880

JOD 20,264.25

JOD 36,677.25

JOD 20,219.75

JOD 17,868.75

3.The Accounts Receivable on 31 December 2020 is JOD 2,351will be collected in full in January 2021. ABC collection's pattern is 75% in the month of sale and 25% in the following month of sale. The Accounts Receivable at the end of the first quarter is expected to equal:

(1.5 Points)

JOD 2,013.75

JOD 1,901.25

JOD 2,140

JOD 1,890

4.Two pounds of material are required per unit of product. Management wants materials on hand at the end of each month equal to 10% of the following month production. On December 31, 2020 there were 1,450 pound in hand. Material cost is $0.23 per pound. How many units the direct material the company has to buy in the first quarter of 2021?

(2 Points)

6,800 Units

6,728 Units

6,710 Units

6,692 Units

8,232 Units

6,350 Units

6,818 Units

5.Two pounds of material are required per unit of product. Management wants materials on hand at the end of each month equal to 10% of the following month production. On December 31, 2020 there were 1,450 pound in hand. Material cost is $0.23 per pound. The Inventory at the end of the first quarter is expected to equal:

(1.5 Points)

JOD 78.75

JOD 69.55

JOD 342.4

JOD 109.57

JOD 80.46

6.Each unit of product requires 0.5 hours. The company pays its workers JOD 23 per hour. How much the company will pay to the labors during the first quarter?

(1.5 Points)

JOD 90,735

JOD 45,367.5

JOD 1,512.25

JOD 2,104

JOD 63,120

JOD 45,471

JOD 757.85

JOD 759.58