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NO EXPLANATION NECESSARY, just the final answer for 4 MC questions, it would help me tremendously! (thumbs up) Cahuilla Corporation predicts the following sales in
NO EXPLANATION NECESSARY, just the final answer for 4 MC questions, it would help me tremendously! (thumbs up)
Cahuilla Corporation predicts the following sales in units for the coming four months: 183 April May June July 250 290 310 250 Sales in units Each month's ending Finished Goods Inventory in units should be 30% of the next month's sales. March 31 Finished Goods inventory is 75 units. A finished unit requires five pounds of direct material B at a cost of $3.00 per pound. The March 31 Raw Materials Inventory has 210 pounds of direct material B. Each month's ending Raw Materials Inventory should be 20% of the following month's production needs. The budgeted cost of direct material B during May should be: 1 0 0 0 0 0 184 Wichita Industries' sales are 20% cash and 80% on credit. Credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% in the second following month. On December 31, the accounts receivable balance includes $19,000 from November sales and $51,000 from December sales. Assume that total sales for January are budgeted to be $57,000. What are the expected cash receipts for January from the current and past sales? Multiple Choice O $29,640 O $91,140. O $74,040. O $79,740 O $74140. 185 Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 10% of the next month's sales. It estimates that May's ending inventory will consist of 28,200 units. June and July sales are estimated to be 282,000 and 292,000 units, respectively. Trago assigns variable overhead at a rate of $2.00 per unit of production. Fixed overhead equals $402,000 per month. Compute the total budgeted overhead for June. Multiple Choice 0 $978,000 0 $968,000 0 $966,000. 0 $566,000. 0 o $986,000 The following information is available for the year ended December 31: 186 Beginning raw materials inventory Raw materials purchases Ending raw materials inventory Office supplies expense $2,700 4,200 3,200 1,200 The amount of raw materials used in production for the year is: Multiple Choice 0 $3,700 O O $4,300. O 0 $4,200. $4,200. O O $6.900. O $5,500Step by Step Solution
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