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no need for details, just the final answer COVID 19 Co has forecast sales to be $129,000 in February, $144,000 in March, $150,000 in April,
no need for details, just the final answer
COVID 19 Co has forecast sales to be $129,000 in February, $144,000 in March, $150,000 in April, and $141,000 in May. The average cost of goods sold is 70% of sales All sales are made on credit and sales are collected 70% in the month of sale, and 30% the month following. What is the budgeted Accounts Receivable balance on March 312 Select one: a $43.200 b. $84.300 C$42.300 d. $45,100 COVID 19 Co produces hand tools. A sales budget for the next four months is as follows: March 10,300 units, April 13,600, May 16,600 and June 21,000. COVID 19 Co's ending finished goods inventory policy is 15% of the following month's sales. What is budgeted ending finished goods inventory for April? Select one a 2040 b. 2490 C3150 d. 1545 PPP, Inc manufactures calculators that sell for $40 each Each calculator uses $15 in direct materials and $5 in direct labor per unit. PPP has two activities: Machining, which is applied at the rate of $4 per machine hour, and Finishing, which is applied at the rate of $20 per batch. This month, PPP made 400 calculators, using 1.000 machine hours in 40 batches. What is the total manufacturing cost for one calculator? Select one a $20 b $27 C $32 O d. $25 The starting point for preparing the master budget is the Select one a budgeted balance sheet b production budget Cinventory budget d sales budget Step by Step Solution
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