ERE 3556673d8cddc?ddbc078245ce6449 fe93c230d92156295bae26915b6deOaf ces Mailings Review Q1-In completing the Ending Finished Goods Inventory Budget, the managers of Jimbob Co. have determined that there should be 5,000 units of finished goods inventory on hand at the end of the budgeted period. In preparing other budgets they have used the following estimates of quantities and costs required to complete one unit: Cost $1.00 per kilogram Quantity Direct materials 10.0 kilograms Direct labour 50 hours $20.00 per hour Manufacturing overhead is allocated at the rate of $5.00 per direct labour hour. Using the above data, the ending finished goods inventory should be: a-$100,000. b-$200,000 c-$112,500. d-$150,000 Actual sales in Ward Company were $30,000 in June, $50,000 in July, and $70,000 in August. Budgeted sales in September are $60,000. Thirty percent of a month's sales are collected in the month of sale, 50% in the first month after sale, 15% in the second month after sale, and the remaining 5% are uncollectible. Budgeted cash receipts for September should be: a-$70,000 b-$62,000 c-$57,000 d-$60,500 Company has budgeted sales and production over the next quarter as follows: AprilMayJune Sales in units 100,000 120,000 Production in 104,000 128 units The company has 20,000 units of product on hand at April 1.20% of the next month's sales needs in units must be on hand at the end of each month. July sales are expected to be 140,000 units. Budgeted sales for June will be (in units) a-184,000. b-188,000 c-160,000 d-128,000 MacBook Air