Shorter Company developed the following data for the month of June.

1. June 1 cash balance $2,300
2. Cash sales in June $67,000
3. Credit sales for June are $20,000; for May $10,000; and for April $16,000. 60 percent of credit sales are collected in the month of sale, 20 percent in the following month, and 10 percent in the second month following the sale.
4. Purchases for May were $34,000 and for June are $40,000. Half of purchases are paid in the month of purchase and the remainder in the following month.
5. June salaries are $28,400, utilities are $1,090, and depreciation on the building is $1,000.

A. Anticipated cash receipts from accounts receivable in June equal $_____

B. Anticipated total cash available in June is $_____

C. June cash payments for purchases are $_____

D. Anticipated cash balance on June 30 is $_____

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Kanban Company estimated sales of 40,000 units at $6 each. Budgeted cost of goods sold per unit includes $1.20 of direct materials, six minutes of direct labor time at $15 per hour, and unit overhead cost of $1.30. Kanban pays a sales commission of ten percent of sales revenue. Fixed selling and administrative expenses are budgeted at $25,000.

Prepare a statement operating income

Sales: $_____

Cost of goods sold: _____

Gros profit: $_____

Less: Sales commision _____

Less: Fixed selling and administration _____

Operating income: $_____

A. Budgeted variable marketing expense is $_____

B. Budgeted operating income is $_____

C. Recalculate budgeted operating income assuming fixed selling and administrative expenses double and the selling price per unit increases 10%. $_____