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Munson Company reported the following: budgeted credit sales for October of $620,000, for November of $580,000, and for December of $720,000. Credit sales or accounts
Munson Company reported the following: budgeted credit sales for October of $620,000, for November of $580,000, and for December of $720,000. Credit sales or accounts receivables are collected 50% in the month of sale and 50% in the following month. How much cash will Munson expect to receive from their customers in November? $290.000 O $650,000 O $600,000 $580,000 The production budget shows expected unit sales of 32,000. Beginning finished goods units are 5,600. Required production units are 33,600. What is the desired ending finished goods units? O 4,000 O 5,600 O 6,400 07.200 Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Teller has 3,900 pounds of clay mix in beginning inventory and wants to have 4,500 pounds in ending inventory. What is the total amount to be budgeted for manufacturing overhead for the month? $2,871 O $2,970 $11,484 O $11,880
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