Question 3 (30 marks) A- ABC company has two divisions-- Women and Men. The divisions have the following revenues and expenses: Sales 500 50.000 Telefon Alpes Nanomous The management of ABC is considering the elimination of the Men Division. If the Men Division were eliminated, its traccable fixed costs could be avoided. Total common corporate costs would be unaffected by this decision. Required: Should the Company drop Men division? Explain. Support you necessary calculations (7.5 marks) B-XYZ Company manufactures and sell wooden product. It wants to prepare cash budget for the second quarter of the year. The company's sales budget for the second quarter given below: May Belgesel Codi Sales - Credit sales are collected as follows: 25% in the same month of sale, 65% in the month following sale, and 10% in the second month following sale February sales totaled 5400,000, and March salos totaled S430,000 Regwired: 1. Prepare the cash collection schedule for the second quarter. 2. What is the accounts receivable balance on June 30th? (7.5 marks) - ABC Corporation has estimated the following information for first quarter of 2020 for one of its products: Un te le produced Desired ending invesy of fed 13.000.000 15.000 The ending inventory at December 2019 was 28,000 units. Regined: Prepare the Production Budget and the Sales Budget for the first quarter of 2020, assuming selling price per unit is $20. (10 marks) D. The following information has been take from a manufacturing company for the year 2019: Sales revenues 36,000 - opening inventory of materials 10,000 - closing inventory of materials 8,000 - opening inventory of finished goods 6,000 - closing inventory of finished goods 4,000 -cost of goods produced 26,000 Required: Calculate cost of goods sold and gross profit for the year ended December 31, 2019