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please provide answers to both Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget: Operating Expenses Variable
please provide answers to both
Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget: Operating Expenses Variable Operating Costs Fixed Operating Costs $.75 per unit sold $475,000 Other Info Units produced in 2016 42,000 Units sold in 2016 40,500 Whistle Works sells each whistle for $12. It's been determined that each unit costs $7.25 to manufacture. How much is total budgeted operating expenses for the year ended 2016? O A $506,500 OB. $61,875 OC. $505,375 OD. $475,000 Feeney Furniture prepared the following sales budget: Month Cash Sales Credit Sales March $16,000 $5,000 April $38,000 $20,000 May $38,000 $37,000 June $60,000 $48,000 Credit collections are 20% two months following the sale, 65% in the month following the sale, and 10% in the month of sale. The remaining 5% is expected to be uncollectible What are the total cash collections in June at Fooney Furniture? O A. $32,850 OB. $108,000 OC. $35,650 OD. $92,850 Step by Step Solution
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