Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please reply fast please gave me ans. of this question Tucker Inc. had the following budgeted sales for the first half of the current year.

please reply fast
image text in transcribed
image text in transcribed
please gave me ans. of this question
image text in transcribed
Tucker Inc. had the following budgeted sales for the first half of the current year. January February March April May June Cash Credit Sales Sales $85,000 $340,000 6,000 190,000 20,000 135,000 40,000 120,000 46,000 160,000 50,000 140,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on credit sales: 50% in month of sale 30% in month following sale 20% in second month following sale The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on credit sales: 50% in month of sale 30% in month following sale 20% in second month following sale There is no beginning accounts receivable balance. The total cash collected by Tucker Inc. during January would be The total cash collected by Tucker Inc. during February would be: The total cash collected by Tucker Inc. during March would be: The total cash collected by Tucker Inc. during April would be: The total cash collected by Tucker Inc. during May would be The total cash collected by Tucker Inc. during June would be Tucker Inc is preparing its Manufacturing Overhead Budget for the Quarter based on the following production in units Apni May June Quarter Production in units 8,000 5,000 Tucker Inc uses a vanable manufacturing overhead rate of $2 50 per unit produced Fixed manufacturing overhad is $40,000 per month and includes $20,000 of non-cash costs (depreciation of plant assets) The total variable Manufacturing Overhead cost for the quarter is 9.00022,000 The total Fixed Manufacturing Overhead cost for the quarter is Thet total Manufacturing Overhead costs for the quarter is The total Cash disbursements for manufacturing overhead for the quarters (no commas no S no decimals in answer)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Decision Making Approach

Authors: Thomas E. King, Valdean C. Lembke, John H. Smith

2nd Edition

0471328235, 978-0471328230

More Books

Students also viewed these Accounting questions