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Maple Corporation has the following data for the year: $21 $3 Selling price per unit Variable cost per unit Fixed costs Units sold $45,000 10,000
Maple Corporation has the following data for the year: $21 $3 Selling price per unit Variable cost per unit Fixed costs Units sold $45,000 10,000 units The margin of safety in units (rounded to the nearest whole unit) will be O-5,000 O 7,500 O 10,000 O2,500 Fender Manufacturing Company needs to know its anticipated cash inflows for the next quarter by month. Cash sales are 10% of total sales each month. Historically, sales on account have been collected as follows: 50% in the month of the sale, 35% in the month after the sale, and the remaining 15% two months after the sale. Sales for the quarter are projected as follows: January, $60,000; February, $30,000; and March, $90,000. Accounts receivable on December 31 were $45,000. The expected cash collections of Fender Manufacturing Company for March are $58,050 O $67,050 O $69,600 O$90,000 The following computer printout estimated overhead costs using regression: Estimate 100.41 14.05 t for Ho Parameter = 0 4.81 6.78 Pr>t 0.0003 0.0001 Standard Error of Parameter 20.88 2.07 Parameter Intercept Dlh R Square (R) Standard Error (Se) Observations 0.80 25.03 17 During the last accounting period 10,000 direct labor hours were worked. The coefficient of determination in this model tells us that 80% of the variation in the overhead variable is explained by direct labor hours. O the intercept is 100.41. the slope is significant. O the slope is 14.05
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