Clare purchases a single product for $24 and sells it for $32. Forecasted sales for the next three months are July 4,900 units, August 6,800 units, September 8,300 units. Clare's policy is to have an ending inventory of 40% of the next month's sales needs on hand, July 1 inventory is projected to be 1,960 units. What are budgeted purchases in units for August? 6,200 units O 600 units O 7400 units 11,840 units Spencer Inc. manufactures a product that costs $80 per unit plus $27.000 in fixed costs each month. Spencer currently sells 1,000 of these units per month for $152 each. If Spencer leased a machine for $6,000 a month, it could add features to the product that would allow it to sell for $192 each. It would cost an additional $25 per unit to add these features. How much would Spencer's profit be affected if it leased the machine and added features to its product? Increase $27000 Decrease $27000 Increase $9,000 O Decrease $9,000 Potter has received a special order for 10,000 units of its product at a special price of $18. The product normally sells for $25 and has the following manufacturing costs Per unit $ 6 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead 10 Unit cost $ 23 Potter is currently operating at full capacity and cannot fill the order without harming normal production and sales. If Potter accepts the order, what effect will the order have on the company's short-term profit? O $20,000 increase $50,000 increase $70,000 decrease $50,000 decrease Dayton has forecast sales to be $214,000 in February, $277,000 in March, $295,000 in April, and $315,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 50% in the month of sale, 40% the month following and the remainder two months after the sale, what are budgeted cash receipts in May? O$254,200 O $173,950 o $186.700 O $303,200 Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year: Seward Charles Sales Variable Costs Contribution Margin Flxed Costs Profit Margin $ 602,700 402,500 197600 252,800 $ 405,100 149,700 172,300 177,400 $ 227700 (22,600) Of the total fixed costs, $302,400 are common fixed costs that are allocated equally between the divisions. How much did the Charles division incur in direct fixed costs? O $21100 O $302,400 O $172,300 $149,700