Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 7,200 units, but its actual level of activity was 7,150 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses Fixed element Variable element per month per unit $ 0 $ 34.70 $ 0 $ 6.70 0 13.20 42,000 26,000 0.70 $ 68,000 $ 22.80 2.20 Actual results for May: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $ 249, 300 $ 48,110 $ 95,680 $ 46,000 $ 30,520 The direct materials in the flexible budget for May would be closest to: Multiple Choice O $96,410 O $95,665 O $94,380 o $95,040 Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $305,000 for November, $325,000 for December, and $225,000 for January. Collections are expected to be 65% in the month of sale and 35% in the month following the sale. The cost of goods sold is 80% of sales. The company desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $19,400. Monthly depreciation is $28,500. Ignore taxes. Balance Sheet October 31 Assets Cash $ 34,000 Accounts receivable 84,500 Merchandise inventory 170,800 Property, plant and equipment, net of $624,000 accumulated depreciation 920,000 Total assets $1,209,300 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 254,000 755,000 200,300 $1,209,300 The difference between cash receipts and cash disbursements for December would be: Multiple Choice O $42,500 O $40,200 O $43,400 O $41,200 The following data pertain to an investment proposal (Ignore income taxes.): Cost of the investment Annual cost savings Estimated salvage value Life of the project Discount rate $ 53,300 $ 16,000 $ 6,000 5 years 10% The net present value of the proposed investment is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $8,882 $8,382 $11,082 $9,624