Managerial Accoutring:

Hi. I need help in understanding the solutions of these questions.

Q1. Craft Corporation produces a single product. Last year, the company had a net operating income of $90,560 using absorption costing and $80,900 using variable costing. The fixed manufacturing overhead cost was $6 per unit. There were no beginning inventories. If 28,500 units were produced last year, then sales last year will be?

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Q2.The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following information:

Sales at $620,000, all for cash

Merchandise inventory on October 31 was $285,000.

The cash balance November 1 was $35,000.

Selling and administrative expenses are budgeted at $111,000 for November and are paid for in cash.

Budgeted depreciation for November is $59,000.

The planned merchandise inventory on November 30 is $315,000.

The cost of goods sold is 70% of the selling price.

All purchases are paid for in cash.

There is no interest expense or income tax expense.

Based on that, the budgeted cash receipts for November will be?