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Assume a company has a plantwide overhead rate of $20 per machine hour. Recently, the company experimented with an ABC system that broke down its
Assume a company has a plantwide overhead rate of $20 per machine hour. Recently, the company experimented with an ABC system that broke down its total overhead of $400.000 into various cost pools including one titled "Machining" thet was assigned to products using machine hours. One product called the "widget" consumed two machine hours and was assigned a total of $10 of overhead from the "Machining" cost pool. What is the total amount of overhead cost included in the Machining activity- based cost pool? Multiple Choice O $100,000 O $80.000 O $78,000 O $112 000Which of the following estimates is not used in preparing a sales budget including a schedule of expected cash collections? Multiple Choice O The number of units produced O The selling price per unit O The number of units sold O The credit sales collection patternAssume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $42,000 and $78,000, respectively. The company expects to collect 35% of its credit sales in the month of the sale and the remaining 65% in the following month. What is the expected cash collections from credit sales during the first month? Multiple Choice O $14.700 O $27.300 O $21.300 O $42 250
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