Question
Peyton Manufacturing Co. reported the following information for 2019: October November December Budgeted sales $1,300,000 $1,160,000 $1,240,000 All sales are on credit. Customer amounts on
Peyton Manufacturing Co. reported the following information for 2019:
October November December
Budgeted sales $1,300,000 $1,160,000 $1,240,000
All sales are on credit. Customer amounts on account are collected 50% in the month of
sale and 50% in the following month.
How much cash will Peyton receive in November?
Heckel Manufacturing makes and sells blenders. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available:
Variable Cost Per Unit Sold Monthly Fixed Cost
Sales commissions $0.60 $ 6,000
Shipping 1.05
Advertising 0.30
Executive salaries 40,000
Depreciation on office equipment 8,000
Other administrative expenses 0.35 28,000
$2.30 $ 82,000
Expenses are paid in the month incurred. If the company has budgeted to sell 8,000 blenders in October, how much is the total budgeted variable selling and administrative expenses for October?
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