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Please answer all 4 as they are under 1 question number. Thank you!! A budget prepared for the production and sale of 2,000 units called

Please answer all 4 as they are under 1 question number. Thank you!!

A budget prepared for the production and sale of 2,000 units called for total variable costs of $10,000 and total fixed costs of $16,000. If actual production and sales totaled 2,500 units, a budget for that level of production would have called for:

a. Total variable cost of $12,500 and total fixed costs of $20,000.

b. Total variable cost of $12,500 and total fixed costs of $16,000.

c. Total variable cost of $10,000 and total fixed cost of $16,000.

d. Total variable cost of $10,000 and total fixed cost of $20,000.

When constructing a budget, budgeted total fixed costs should:

a. Be greater for output of 10,000 units than for output of 9,000 units.

b. Be lower for output of 10,000 units than for output of 9,000 units.

c. Be the same regardless of the level of output.

Which of the following is False?

a. A merchandising firm will prepare a purchases budget, but not a production budget.

b. A manufacturing company will prepare a production budget, but not a purchases budget

c. A manufacturing company will prepare a sales budget.

d. A merchandising company with all credit sales will prepare a cash budget.

A sales budget indicates that total sales for January of 2020 will be $100,000. Seventy percent of those sales will be on credit and 30% will be cash sales. Sixty percent of the sales made on credit are expected to be collected in the month of sale with the remainder expected to be collected in the following month, which is the same as was expected in the previous year. Accounts receivable from sales totaled $20,000 on December 31, 2019. How much cash is expected to be collected from customers during the month of January 2020?

a. $ 92,000

b. $ 80,000

c. $ 72,000

d. $ 68,000

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