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Production Budget Cash Budget Direct Materials Budget Manufacturing Overhead Budget Question 5 7.5 pts Wave Company is preparing its selling and administrative expense budget for the upcoming month of December. The company estimates that selling and administrative costs have a variable cost of $0.50 per unit and a fixed cost of $15,500, which includes $3,000 of depreciation expense. If the company anticipates producing 37,000 units in December and selling 45,000 units in December, the amount of selling and administrative expense on the December budgeted income statement will be: O $34.000 O $35,000 $38,000 O $31,000 Question 6 7.5 pts Assume the following budgeted information for a Saints Football merchandising company: Budgeted sales of footballs (all on credit) for November, December, and January are $250,000, $220,000, and $200,000, respectively. Cash collections related to credit sales are expected to he 75% in the month of ralo 25% in the mutlu