Coles Corporation, Incorporated makes and sells a single product, Product R. Three yards of Material K are needed to make one unit of Product R. Budgeted production of Product R for the next five months is as follows: August 14,006 units September 14,566 units October 15,506 units November 12,666 units December 11,996 units The company wants to maintain monthly ending inventories of Material K equal to 20% of the following month's production needs. On July 31, this requirement was not met since only 2,500 yards of Material K were on hand. The cost of Material K is $0.85 per yard. The company wants to prepare a Direct Materials Purchase Budget for the rest ofthe year. The total cost of Material K to be purchased in August is: Multiple Choice $40,970 $48,200 $33,840 $42,300 0000 All of Pocast Corporation's sales are on account. Sixty percent of the credit sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company: January February March April Total sales $766,666 $566,666 $466,666 $666,666 Cash receipts in April are expected to be: Multiple Choice 0 $530,000 $360,000 O 0 $460,000 O $410,000 Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year, Beginning Ending Inventory Inventor'y Raw material" 36,666 46,666 Finished goods 76,666 66,666 ' Three pounds of raw material are needed to produce each unit of finished product If Paradise Corporation plans to sell 510,000 units during next year. the number of units it would have to manufacture during the year would be: Multiple Choice 0 500,000 units 520,000 units 0 510,000 units 570,000 units production budget calls for producing 6,500 units in April and 6,200 units in May. If the direct labor work force is fuliy adjusted to the total direct labor-hours needed each month, what would 8 Pooler Corporation is working on its direct labor budget for the next two months. Each unit of output requires 015 direct labor-hours. The direct labor rate is $7.00 per direct labor-hour. The be the total combined direct labor cost for the two months? Wasilko Corporation produces and sells one product . The budgeted selling price per unit is $114. Budgeted unit sales for February is 9,900 units. . Each unit of finished goods requires 6 pounds of raw materials. The raw materials cost $4.00 per pound. . The direct labor wage rate is $24.00 per hour. Each unit of finished goods requires 2.4 direct labor-hours. . Manufacturing overhead is entirely variable and is $9.00 per direct labor-hour. . The variable selling and administrative expense per unit sold is $1.60. The fixed selling and administrative expense per month is $70,000. (DQOUQJ The estimated net operating income (loss) for February is closest to: Multiple Choice (:> $50000 $91080 $30920 O (::) $21080 O