Orchard has forecast sales to be $130,000 in February, $141,000 in March, $151,000 in April, and $146,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 65% in the month of sale, and 35% the month following, what is the budgeted Accounts Receivable balance on May 31? O $93100 $79,100 O $53,900 O $51100 Maggie Corp. has a selling price of $30 per unit, variable costs of $14 per unit, and fixed costs of $172,800. How many units must be sold to break even? 2,700 O 10,800 O 5760 1,800 Pinto Co.has received a special order for 2,900 units of its product at a special price of $190. The product normally sells for $230 and has the following manufacturing costs: Per unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $ 62 53 42 69 $ 226 Unit cost Assume that Pinto Co. has sufficient capacity to fill the order without harming normal production and sales. If Pinto Co. accepts the order, what effect will the order have on the company's short-term profit? $104,400 decrease $116,000 decrease $104,400 increase $95,700 increase Power Inc. has two divisions, Windsor and Ridge. Following is the income statement for the past month: WindsorRidge Total Sales Variable Costs Contribution Margin Fixed Costs (allocated) Profit Margin $ 362,800 322,500 $ 685,300 52,400 435,300 $ 79,900 170,100 250,000 131,100 $250,000 0 282,900 118,900 $ (39,000) 39,000 $ What would Power's profit margin be if the Windsor division was dropped and all fixed costs are unavoidable? O $79,900 loss O $79,900 profit $39,000 profit Walnut has forecast sales for the next three months as follows: July 4,400 units, August 6,400 units, September 8,300 units. Walnut's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,800 units. Selling and administrative costs are budgeted to be $24,000 per month plus $10 per unit sold. What are budgeted selling and administrative expenses for July? O $68,000 O $51,600 O $87600 O $63.500 Orchard has forecast sales to be $130,000 in February, $141,000 in March, $151,000 in April, and $146,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 65% in the month of sale, and 35% the month following, what is the budgeted Accounts Receivable balance on May 31? O $93100 $79,100 O $53,900 O $51100 Maggie Corp. has a selling price of $30 per unit, variable costs of $14 per unit, and fixed costs of $172,800. How many units must be sold to break even? 2,700 O 10,800 O 5760 1,800 Pinto Co.has received a special order for 2,900 units of its product at a special price of $190. The product normally sells for $230 and has the following manufacturing costs: Per unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $ 62 53 42 69 $ 226 Unit cost Assume that Pinto Co. has sufficient capacity to fill the order without harming normal production and sales. If Pinto Co. accepts the order, what effect will the order have on the company's short-term profit? $104,400 decrease $116,000 decrease $104,400 increase $95,700 increase Power Inc. has two divisions, Windsor and Ridge. Following is the income statement for the past month: WindsorRidge Total Sales Variable Costs Contribution Margin Fixed Costs (allocated) Profit Margin $ 362,800 322,500 $ 685,300 52,400 435,300 $ 79,900 170,100 250,000 131,100 $250,000 0 282,900 118,900 $ (39,000) 39,000 $ What would Power's profit margin be if the Windsor division was dropped and all fixed costs are unavoidable? O $79,900 loss O $79,900 profit $39,000 profit Walnut has forecast sales for the next three months as follows: July 4,400 units, August 6,400 units, September 8,300 units. Walnut's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,800 units. Selling and administrative costs are budgeted to be $24,000 per month plus $10 per unit sold. What are budgeted selling and administrative expenses for July? O $68,000 O $51,600 O $87600 O $63.500