Hackett Industries is preparing its direct labor budget for May, Projections for the month are that 33, 400 units are to be produced and that direct labor time is three hours per unit. If the labor cost per hour is $12, what is the total budgeted direct labor cost for May? $1, 159, 200. $1, 180, 800. $1, 202, 400. $1, 296.000. Beginning cash balance plus total receipts equals ending cash balance. must equal total disbursements. Equals total available each. Is the excess of available cash over disbursements. Porath Manufacturing Co. reported the following information for 2012: October November December Budgeted sales $1, 240,000 $1, 160,000 $1, 440,000 All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much cash will Porath receive in November? $580,000 $1, 300,000 $1, 200,000 $1, 160,000 The following information was taken from Yang Company's cash budget for the month of July. Beginning cash balance $480,000 Cash receipts 304,000 Cash disbursements 544,000 If the company has a policy of maintaining a minimum end of the month cash balance of $400,000, the amount the company would have to borrow is $160,000. 580,000. $240,000. $96,000. T F If actual results are different from budgeted results, the difference must always be investigated by management to achieve effective budgetary control. T F A flexible budget report will show both actual and budget cost based on the actual activity level achieved