Silver Company makes a product that is very popular as a Mother's Day gift. The company's sales budget is given below. Month Budgeted sales February $230,000 March $260,000 April $300,000 May $500,000 June $200,000 The company has learned that 20% of a month's sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. What are the budgeted total cash receipts from sales for the month of June? The sales reve $336,000 es at increasing rates at: $420,000 $213,000 The maximum $265,000 ble in the production, distribution, and disposal o wn as The overhead rate for machine setups is $100 per setup. Products A and B have 80 and 60 setups, respectively. The overhead assigned to product A $600 The overhead assigned to product E $8,000 A statement that embodies an orga $800 se of existence is the: $6,000 The overhead rate for machine setups is $100 per setup. Products A and B have 80 and 60 setups, respectively. > The overhead assigned to product A The overhead assigned to product B A statement that embodies an orga $6,000 se of existence is the: $800 $600 The budget provides a guidance reg $8,000 unt of capital that may be required for procureme ets during the