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Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 616,000 units, estimated beginning inventory is 100,000 units, and desired

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Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 616,000 units, estimated beginning inventory is 100,000 units, and desired ending inventory is 86,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A: 0.50 lb. per unit @ $0.57 per pound Material B: 1.00 lb. per unit @ $1.79 per pound Material C: 1.20 lb. per unit @ $0.96 per pound The dollar amount of Material A used in production during the year is a. $171,570 b. $693,504 c. $175,560 Od. $1,077,580 Use the information below for Dove Corporation to answer the question that follow. Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business-September, October, and November-are $247,000, $315,000, and $428,000, respectively. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections in November are a. $402,575 Ob. $224,700 c. $107,000 Od. $483,090 Production and sales estimates for April are as follows: Estimated inventory (units), April 1 19,000 Desired inventory (units), April 30 18,000 Expected sales volume (units): Area A 3,000 Area B 4,750 Area C 4,250 Unit sales price $20 The number of units expected to be manufactured in April is a. 13,000 b. 12,000 c. 9,500 Od. 11,000 Use the information below for Mandy Corporation to answer the question that follow. Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 699,000 units, estimated beginning inventory is 108,000 units, and desired ending inventory is 88,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A: 0.50 lb. per unit @ $0.52 per pound Material B: 1.00 lb. per unit @ $2.15 per pound Material C: 1.20 lb. per unit @ $1.12 per pound The dollar amount of Material B used in production during the year is a. $2,189,775 b. $1,751,820 c. $1,167,880 d. $1,459,850 Use the information below for Nuthatch Corporation to answer the question that follow. Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business-September, October, and November-are $249,000, $305,000, and $409,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections expected in November from accounts receivable are projected to be a. $229,040 b. $326,088 c. $271,740 d. $186,340

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