Q2) a) Skyline Corporation began operations on January 1, 2010. Skyline's budgeted January 2010 February 2010, and March 2010 sales are $1,000,000, $1,200,000, and $2,000,000 respectively. The company estimates that 75% of its sales will be made on credit. The company also estimates that 50% of Skyline's customers will pay their outstanding balances in the month of the sale, 30% in the first month subsequent to the sale, and 20% in the second month subsequent to the sale. How much cash should Skyline expect to receive from its customers in January 2010? b) Rather Corp. produces two types of computers: laptops and netbooks. Overhead cost pools and activity information for the year are as follows: Cost Pool Cost Cost Driver Utility cost $ 420,000 Number of kilowatt hours used Setup cost 200,000 Number of setups Quality control 240,000 Number of inspections Total overhead $860,000 Activity Cost Pool Laptop Computers Netbook Computers Utility 2,800 kilowatt hours 2,200 kilowatt hours Setup 1,250 setups 2,750 setups Quality control 1,000 inspections 2,200 inspections Assume overhead is assigned using direct labor hours (DLHS). DLHs for laptop and netbook computers were, respectively, 11,450 DLHs and 10,050 DLHs. What amount of overhead cost assigned to laptop computers? c) Zama Inc. manufactures shampoo. The following activities are performed weekly as a part of operations: Ordering materials 3 hours Customer service 40 hours Assembly 36 hours Product inspections 10 hours Packaging 12 hours Inventory warehousing 20 hours In a week, how many hours are spent on each of the following types of activities? Value-added activities Non-value-added activities ? hours ? hours