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:

Multiple Choice

• $865.

• $1,165.

• $965.

• $1,065.

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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?

Multiple Choice

• $104,250

• $104,525

• $31,275

• $101,550

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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?

Multiple Choice

• $25,500

• $49,000

• $31,500

• $13,500

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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?

Multiple Choice

• $2,081,833

• $2,083,017

• $2,047,500

• $2,096,250