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QUESTION 38 Gardner Company expects sales for October of $250,000. Experience suggests that 40% of sales are for cash and 60% are on credit .
QUESTION 38 Gardner Company expects sales for October of $250,000. Experience suggests that 40% of sales are for cash and 60% are on credit . The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $68,000. What is the amount of Accounts Receivable on the October 31 budgeted balance sheet? O $150,000. 0 $75,000. $125,000 0 $100,000 $68,000. the $150 QUESTION 24 Zoe Company reports the following for its overhead cost for the year. Activity Budgeted Cost Budgeted Activity Usage Engineering support $ 98,000 70 design changes Electricity 136,000 3,400 machine hours Setup 210,000 350 setups Compute the activity rate for engineering support using activity-based costing. $1,800 per design change. O $600 per design change. $1,400 per design change. $800 per design change. 0 $1,250 per design change
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