Bradford, Inc., expects to sell 15,000 ceramic vases for $20 each. Direct materials costs are $4, direct manufacturing labor is $10, and manufacturing overhead is $4 per vase. The following inventory levels apply to 2020: Direct materials Work-in-process inventory Finished goods inventory Beginning inventory Ending inventory 1,000 units 1,000 units 0 units 200 units 0 units 700 units On the 2020 budgeted income statement, what amount will be reported for sales? A. $290,000 B. $320,000 C. $310,000 D. $300,000 Wallace Company provides the following data for next year: Budgeted Sales Month January February March April $125,000 118,000 133,000 144,000 The gross profit rate is 30% of sales. Inventory at the end of December is $21,600 and target ending inventory levels are 20% of next month's sales, stated at cost. What is the amount of purchases budgeted for January? A. $104,020 B. $70,980 C. $87,500 D. $82,420 ... Majestic Corporation manufactures wheelbarrows and uses budgeted machine hours to allocate variable manufacturing overhead. The following information relates to the company's manufacturing overhead data: Budgeted output units Budgeted machine-hours Budgeted variable manufacturing overhead costs for 31,000 units Actual output units produced 31,000 units 16,585 hours $348,285 34,000 units 14,600 hours $435,094 Actual machine-hours used Actual variable manufacturing overhead costs What is the flexible-budget amount for variable manufacturing overhead? A. $348,285 B. $435,094 C. $381,990 D. $396,703