Amy Company produces and sells bikes. It expects to sell 15,000 bikes in March 2011 and had 1, 200 bikes in finished goods inventory at the end of February 2011. Amy Company would like to complete operations in March with at least 1, 500 completed bikes in inventory. The bikes sell for exist100 each. How many bikes would be produced in March 2011? a. 15, 300 bikes b. 15,000 bikes c. 14, 700 bikes d. 13, 800 bikes Jordan Manufacturing Company expects to incur the following per unit costs for 1,000 units of production: What is the total amount of overhead included in the overhead budget? a. exist4, 500 b. exist3,000 c. exist11, 250 d. exist7, 500 CD Productions needs to know its anticipated cash inflows for the next quarter by month. Cash sales are 10 percent of total sales each month. Historically, sales on account have been collected as follows: 60 percent in the month of sale, 30 percent in the month after the sale, and the remaining 10 percent two months after the sale. Sales for the quarter are projected as follows: April, exist120,000: May, exist100,000: and June, exist80,000. Accounts receivable on March 31 were exist60,000. Refer to Figure 8-4. The expected cash collections of CD Productions for June are a. exist48,000. b. exist98,000. c. exist68,000. d. exist89,000. Which of the following is NOT a component of the master budget? a. Sales Budget b. Capital Budget c. Goods Sold Budget d. Actual Variance Analysis