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Question 7 Not yet answered Marked out of 1.2 XYZ Company produces and sells one product. The budgeted selling price per unit is $35.
Question 7 Not yet answered Marked out of 1.2 XYZ Company produces and sells one product. The budgeted selling price per unit is $35. Budgeted unit sales for July, August, September, October and November are 1,400 units, 2,100 units, 3,400 units, 2,700 units and 4,200 units, respectively. All sales are on credit. Regarding credit sales, 30% are collected in the month of the sale, 50% in the month following sales, and the remaining 20% in the second month following sale. The expected total cash collections in September is closest to: Select one: a. $112,350 b. $105,750 c. $94,000 d. None of the given answers e. $82,250 O O Clear my choice Question 8 Not yet answered Marked out of 1.2 Company XYZ produced and sold $1,000 units. The total direct materials cost was $1,000, the direct labor cost was $18,000, the manufacturing overhead cost was $5,000. The variable selling and administrative cost was $12,000 while the fixed selling and administrative expenses was $3,000. How much is the unit product cost in ($)? Select one: a. 36 b. 39 c. 19 d. None of the given answers e. 24 O
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