For February, sales revenue is $570,000; sales commissions are 4% of sales; the sales manager's salary is $86,800; advertising expenses are $93,100; shipping expenses total 3% of sales; and miscellaneous selling expenses are $2,900 plus 1/2 of 1% of sales. Total selling expenses for the month of February are

$205,600

$222,700

Consider Derek's budget information: materials to be used totals $63,500; direct labor totals $200,900; factory overhead totals $401,900; work in process inventory January 1, $188,200; and work in progress inventory on December 31, $196,000. What is the budgeted cost of goods manufactured for the year?

$196,000

$658,500

$666,300

$854,500

Woodpecker Co. has $307,000 in accounts receivable on January 1. Budgeted sales for January are $891,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. The January cash collections from sales are

$815,840

$1,326,800

$611,880

$1,019,800

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of businessSeptember, October, and Novemberare $232,000, $303,000, and $423,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale.

The cash collections expected in October from accounts receivable are estimated to be

$169,680

$242,592

$202,160

$137,200

$182,800

$225,550