Multiple Choice Question 76 The production budget shows expected unit sales of 25000, Beginning finished goods units are 3800, Requred production units are 26600. What are the desired ending finished goods unts?h e 5400 O 2200 3800 6500 Practice Question 41 Drew Enterprises reports all its sales on credit, and pays operating costs in the month incurred. Estimated amounts for the months of June through October are July June August September October $310,000 $330,000 $300,000 Budgeted sales $280,000 $260,000 Budgeted purchases $144,000 $120,000 $128,000 $132,000 $90,000 Customer amounts on account are collected 60% in the month of sale and 40% in the following month Cost of goods sold is 45 % of sales Drew purchases and pays for merchandise 30% in the month of acquisition and 70% in the folfowing month How much cash is budgeted to be received during August? O$312,000. $291,000. $180,000. $318,000. Practice Question 34 Heaters, Inc. provided the following budgeted information for March through July June March April May July $104,600 $123,000 $115,000 $132,000 $141,400 Projected sales Projected merchandise purchases $82,000 $92.400 $75,300 $66,600 $73,000 $12,000 $13,600 $11,300 $12,400 $14,300 Inventory at end of month Heaters estimates that t will collect 30% of its sales in the month of sale and 70% in the month after the sale. General operating expenses are budgeted to be $31,000 per month of which depreciation is $3,000 of this amount. Heater pays operating expenses in the month incurred. .The income tax rate is 30% How much is budgeted net income for May? $6,400 O 56,090. $8,400 $4 480, Practice Question 33 Windathon, Inc. expects sales volume totaling $500,000 for June, Data for the month follows: Sales commissions 4% of sales Sales manager's salary $30,000 per month Advertising expense Shipping expense. Miscellaneous selling expenses $25,000 per month 1% of sales $2,100 per month plus 3/4 % of sales How much is Windathon's selling expense budget for June? $30,850. $83,750. $57,100. $85,850