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TB MC Qu. 13-41 A company has the following... A company has the following annual budget data: Beginning finished goods Inventory Sales Ending finished goods
TB MC Qu. 13-41 A company has the following... A company has the following annual budget data: Beginning finished goods Inventory Sales Ending finished goods Inventory Direct materials Direct labor Variable factory overhead Selling costs Fixed factory overhead 59,000 units 89,000 units 49,000 units $ 12 per unit $ 24 per unit $ 5 per unit $ 4 per unit $99,000 What are total budgeted production costs for the year? (CIA adapted) $3,338,000. $3,417,000. $3,516,000. $3,239,000. Tennison Corporation had the following transactions in its first year of operations: Sales (90% collected in year) Bad debt write-offs Disbursements for costs and expenses Disbursements for income taxes Purchases of fixed assets Depreciation of fixed assets Proceeds from issuance of common stock Proceeds from short-term borrowings Payments on short-tern borrowings $1,780,000 75,000 1,350,000 105,000 550,000 95,000 650,000 115,000 65,000 What is the cash balance at year end? $297,000 $272,000. $382.000 O $252,000
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