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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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