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Compute the required answer for each of the following independent situations: a. for next year, penny suits projects $8,000,000 of sales and total fixed manufacturing

Compute the required answer for each of the following independent situations: a. for next year, penny suits projects $8,000,000 of sales and total fixed manufacturing costs of $2,000,000. Variable manufacturing costs are estimated at 65% of sales. Assuminf no change in inventory,what is the companys projected cost of goods sold? b. Tommys company has projected thefollowing information for October: Sales $80,000 Gross profit (based on sales) 25% Increase inmerchandise inventory in Oct $20,000 Decrease in account spayable for October $45,000 What are expected cash disbursements for inventory purchases for October? c. Buda corp is attempting to budget its overhead costs for for March 2014. Overhead is a mixed cost with the following flexible budget formula: y=$250,000 + $17.50X, where X represents machine hours. Fixed overhead includes $95,000 of depreciation. If Buda corp expects to utilize 7,500 machine hours in mach, what is the companys budgeted March overhead cost? Howmuch cash will the company pay for budgeted overhead in march? d. Elizabeth enterprises expects to begin 2014 with a cash balance of $15,000. Cash collections from sales and on account during the year are expected to be $470,500. The firm wants to maintain minimum cash balance of $5,000. Budgeted cash disbursements for the year are as follows: Payoff of note payable $52,500 Interest onnote payable $4,700 Purchase of computer system $17,900 Payments for operating costs & inventory purchases $193,500 Direct labor payments $110,000 Cash overhead payments $106,400 Cash selling & administractive payments $94,800 The company can, if necessary, borrow in $1,000 amounts. Prepare a cash budget for 2014

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