Atlantic, Inc. has prepared the following budgets for March. In March, budgeted production equals budgeted sales of 2,900 units, and direct materials inventory will stay constant. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $10.75 per unit $14.60 per unit $ 9.40 per unit $9,400 What is budgeted cost of goods sold for March? Multiple Choice $50,200 $54,200 $110.375 5151,800 La Johnson Inc. produces leather handbags. Johnson Inc. estimates it will use 3,600 square meters of leather in production in August, and 3,900 square meters of leather in production in September. Johnson Inc.'s leather inventory policy is 20% of next month's production needs. What will leather purchases be in August? Multiple Choice 3.560 square meters 3,540 square meters 3.600 square meters 4,380 square meters Jackson Inc. produces leather handbags. The production budget for the next four months is: July 5,500 units, August 7,300 units, September 8,100 units, October 8,600 units. Each handbag requires 0.8 square meters of leather. Jackson Inc.'s leather inventory policy is 20% of next month's production needs. On July 1 leather inventory was expected to be 880 square meters. What will leather purchases be in July? Multiple Choice 5,713 square meters 4,688 square meters 4,838 square meters 4,438 square meten