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Blackberry Manufacturing budgeted sales on account of $150,000 for July, $300,000 for August, and $160,000 for September. Experience indicates that none of the sales on
Blackberry Manufacturing budgeted sales on account of $150,000 for July, $300,000 for August, and $160,000 for September. Experience indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be: Select one: a. $234,000 b. $222,000 c. $240,000 d. $336,000 Bluebell Manufacturing bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 2,342 direct labor-hours will be required in March. The variable overhead rate is $7.9 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $5,566.3 per month, which includes depreciation of $2,600. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for March should be: Select one: a. $10.28 b. $3.90 Co. $18,505.48 d. $1,405,667.43
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