Acct 2302

9. The following data pertain to last year's operations at Tredder Corporation, a company that produces a single prode Units in beginning inventory Units produced Units sold 19,000 Selling price per unit $100.00 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $12.00 $25.00 $3.00 $2. Fixed expenses per year Fixed manufacturing overhead $500,000 Fixed selling and administrative $600,000 What was the absorption costing net operating income last year? A. $12,000 B. $57,000 C. $2,000 D. $27,000 10. The Khaki Corporation has the following budgeted sales data: January February March April $70,000 $90,000 $80,000 $70,000 $400,000 $350,000 $300,000 $320,000 Cash Sales Credit Sales The regular pattern ofcollection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for April would be: A. $350,000 B. $320,000 C. $313,000 D. $383,000