Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $63,000 and $70,000, respectively. The company expects to collect 30% of its credit sales in the month of the sale and the remaining 70% in the following month. What amount of accounts receivable would the company report in its balance sheet at the end of the second month?

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Assume that a company has two cost driversnumber of courses and number of students. The planned number of courses and students were 5 and 100, respectively. The actual number of courses and students were 6 and 110, respectively. One of the companys expenses is influenced by both cost drivers. Its cost formulas are $53 per course and $7 per student. The total cost included in the planning budget for this expense would be:

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Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects cash sales of $39,500 and $43,500, respectively. It also expects credit sales of $59,500 and $69,500, respectively. The company expects to collect 45% of its credit sales in the month of the sale, 50% in the following month, and 5% is deemed uncollectible. What amount of cash collections would appear in the companys cash budget for the second month?

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Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $45,000 and $65,000, respectively. The company expects to collect 30% of its credit sales in the month of the sale and the remaining 70% in the following month. What is the expected cash collections from credit sales during the first month?

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Assume a companys budgeted unit sales and its required production in units for April are 86,000 units and 84,000 units, respectively. The direct labor-hours required per unit is 1.50 hours and the direct labor wage rate is $16.25 per hour. What is the budgeted direct labor cost for April?

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Assume that a company has two cost driversnumber of courses and number of students. The planned number of courses and students were 5 and 100, respectively. The actual number of courses and students were 6 and 110, respectively. One of the companys expenses is influenced by both cost drivers and it has a fixed element as well. Its cost formulas are $59 per course, $7 per student, and $1,000 per period. The total cost included in the planning budget for this expense would be:

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Assume a merchandising company provides the following information from its master budget for the month of May:

Sales	$ 248,000
Cost of goods sold	$ 84,500
Cash paid for merchandise purchases	$ 79,500
Selling and administrative expenses	$ 39,500
Cash paid for selling and administrative expenses	$ 40,000

What is the budgeted net operating income?

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Assume that the amount of one of a companys fixed expenses in its flexible budget is $46,000. The actual amount of the expense is $50,400 and the amount in the companys planning budget is $46,000. The spending variance for this expense is:

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Assume that the amount of one of a companys variable expenses in its flexible budget is $40,000. The actual amount of the expense is $42,000 and the amount in the companys planning budget is $44,800. The activity variance for this expense is:

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Assume that a company provided the following cost formulas for three of its expenses (where q refers to the number of hours worked):

Rent (fixed)	$ 3,000
Supplies (variable)	$ 4.50q
Utilities (mixed)	$150 + $0.75q

The companys planned level of activity was 2,000 hours and its actual level of activity was 1,850 hours. How much supplies expense would be included in the flexible budget?