HW?

Sheridan Company is planning to sell 900 boxes of ceramic tile, with production estimated at 670 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $20 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Sheridan has 3400 pounds of clay mix in beginning Inventory and wants to have 4600 pounds in ending inventory What is the total amount to be budgeted for manufacturing overhead for the month? $19800 O $3685 $14740 $4950 Waterway Industries estimates its sales at 160000 units in the first quarter and that sales will increase by 20000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25.40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at O $5875000 $4910000 $4100000 $2810000