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Please answer both. Thank you. Boston, Inc. had budgeted $100,000 of purchases in May, $110,000 of purchases in June, and $125,000 of purchases in July.
Please answer both. Thank you.
Boston, Inc. had budgeted $100,000 of purchases in May, $110,000 of purchases in June, and $125,000 of purchases in July. Purchases are expected to be paid 25% in the month of purchase and 75% in the following month. Calculate the budgeted cash payments for June A. $121,250 OB. $107,500 O C.$110,000 OD. $102,500 Lansing Co. prepared the following static budget at an expected activity level of 9,000 units: Sales Revenue $5.00/unit $45,000 Variable Costs $1.50/unit 13,500 Contribution Margin 31,500 Fixed Costs 3,000 Operating Income (Loss) $28,500 What amount of operating income would be in the firm's flexible budget prepared at the actual volume of 8,900 units, which is within the relevant range? A. $3,000 . $28,150 C $28,500 D $13,350Step by Step Solution
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