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Schedule of cash collections of accounts receivable accounts in the month of sale, while the remaining 8 0 % pay their accounts in the month
Schedule of cash collections of accounts receivable
accounts in the month of sale, while the remaining pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows:
The Accounts Receivable balance on September was $
Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar.
OfficeMart Inc.
Schedule of Cash Collections from Sales
For the Three Months Ending December Direct labor cost budget
Provo Racket Company manufactures two types of tennis rackets, the Youth and Adult models. The production budget for July for the two rackets is as follows:
Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows:
The direct labor rate for each department is as follows:
Forming Department $ per hour
Assembly Department $ per hour
Prepare the direct labor cost budget for July.
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