Question 1 (5 points) Tidewater plans to sell 97,000 units of product no. 794 in May, and each of these units requires three units of raw material. Pertinent data follow. Product Raw No.794 Material Actual May 1 15,000 27,000 inventory units Desired May 31 16,000 25,000 inventory units units On the basis of the information presented, how many units of raw material should Tidewater purchase for use in May production? units Your Answer: Answer Question 2 (5 points) Quattro makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 50% are collected in the first month after sale; and 30% are collected in the second month after sale. If sales for April, May, and June were $73,000, $90,000, and $86,000, respectively, what were the firm's budgeted collections for June? Your Answer: Answer Previous Page Next Page Page 2 of 35 Question 3 (5 points) Delicious Treats (DT) anticipated that 86,000 process hours would be worked during an upcoming accounting period when, in fact, 91,000 hours were actually worked. One of the company's cost functions is expressed as follows: Y = $16PH + $600,000 where PH is defined as process hours What budgeted dollar amount would appear in DT's flexible budget for the preceding cost function? Your Answer: Answer Question 4 (5 points) Walsh Company expects sales of Product W to be 69,000 units in April, 74,000 units in May and 74,000 units in June. The company desires that the inventory on hand at the end of each month be equal to 40% of the next month's expected unit sales. Given this information, Walsh Company's production of Product W for the month of May should be: Your