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Question 28 3.75 pts A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs $18,000; and fixed costs, $16,000. The variable costs expected if the company produces and sells 16,000 units are: $40,000 D) $18,000 $24,000 $64.000 Question 29 3.75 pts Widget Industries is analyzing two projects for the future. Assume that only one project can be selected. Project X Project Y Cost of Machine $77,000 $55,000 Net Cash Flow Year 1 2,000 Year 2 28,000 28,000 25,000 Year 3 28,000 25,000 Year 4 0 20000 If the company is using the payback period method and it requires a payback of three years or less, which project should be selected? Neither X nor is an acceptable project Project X Both X and Y are acceptable projects Project Y because it has a lower initial investment Project Y Question 30 3.75 pts Junior Snacks reports the following information from its sales budget: Expected Sales October November December $143,000 151,000 187,000 All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale. The total amount of cash expected to be received from customers in November is: $85.800 $236.800 560,400 5146,200 5151,000