Assume a merchandising company provides the following information from its master budget for the month of May: Sales Cost of goods sold Cash paid for merchandise purchases Selling and administrative expenses Cash paid for selling and administrative expenses $212,000 $ 75,500 $ 70,500 $ 30,500 $ 29,200 What is the budgeted net operating income? Multiple Choice $122,300 $106,000 $6,300 $35,500 Assume a manufacturing company provides the following information from its master budget for the month of Unit sales Selling price per unit Direct materials cost per unit Direct labor cost per unit Predetermined overheard rate (based on direct labor dollars) 6,000 $ 40 $ 14 $ 12 75% If the company maintains no beginning or ending inventories, what is the budgeted gross margin for May? Multiple Choice O $30,000 $24,000 $6,000 Multiple Choice O $30,000 O $24,000 O $6,000 O $20,000 Assume a company's direct labor budget for October estimates 10,000 labor-hours to meet the month's production requirements. The variable manufacturing overhead rate used for budgeting purposes is $3.00 per direct labor-hour. The budgeted fixed manufacturing overhead for October is $60,000 including $8,000 of depreciation. What is the total budgeted manufacturing overhead for October? Multiple Choice $98,000 $82,000 $90,000 $88,000