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Joyner Company has the following historical collection pattern for its credit sales: 60% collected in month of sale 20% collected in the first month after sale 15% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible Budgeted credit sales for the last six months of the year follow. Required: A. Calculate the estimated total cash collections during October. B. Calculate the estimated total cash collections during the year's fourth quarter. Blaylock plans to sell 78,000 units of product no. 794 in May, and each of these units requires three units of raw material. Pertinent data follow. On the basis of the information presented, how many units of raw material should Blaylock purchase for use in May production? Multiple Choice 207,000 225.000 243,000 261.000 . Parson Corporation, a wholesaler, provided the following information: Customers pay 60% of their balances in the month of sale, 30% in the month following sale, and 10% in the second month following sale. The company pays all invoices in the month following purchase and takes advantage of a 2% discount on all amounts due. Cash payments for operating expenses in May will be $126,000; Parson's cash balance on May 1 was $140,800. Required: A. Determine the expected cash collections during May B. Determine the expected cash disbursements during May. C. Determine the expected cash balance on May 31 . Novis' production data for a new deluxe product were taken from the most recent quarterly production budget: In addition, Nevis produces 6,000 units a month of its standard product. It takes two direct labor hours to produce each standard unit and 4.00 direct labor hours to produce each deluxe unit Nevis' cost per labor hour is $20. Direct labor cost for September would be budgeted at: Muitiple Choice $404,375 $384.000. $406700 5374,400 The following selected data pertain to Flagship Corporation: July's cash disbursements are expected to be: July's cash disbursements are expected to be: Multiple Choice $502,500 None of the answers is correct. $449.500 $758.500 3705,500 Terrence Corporation plans to seil 35,000 units of its single product in March. The company has 2,200 units in its March 1 finished-goods inventory and anticipatos having 1,800 completed units in inventery on March 31, On the basis of this information, how many units does Terrence plan to produce during March? Mutigle Choice 34,600 35,400 37.200 10.000 None of the answers is conect Gallonte Inc. began operations in Apeil of this year. It makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale: 70% are collected in the first month after sale; and 10% are collected in the second month atter sale. If soles for April, May, and June were $60,000, $90.000, and $70,000, respectively, what were the firm's budgeted coliections for May? Multiple Choice 515,000 504,000 $71000. None of the answers is correct. $60.000