TEST 3 REVIEW: International Corporation has the following sales budget for the last six months of 2021 July August $100,000 80,000 September 110,000. October 90,000 November 100,000 December 94,000 Historically, the cash collection of sales has been as follows: 70 percent of sales collected in month of sale, 20 percent of sales collected in month following sale, 7 percent of sales collected in second month following sale, and 3 percent of sales are uncollectible. Prepare a schedule of cash collections for October, November, and December of 2021. Make sure to include totals. October November December Use the following data to prepare a flexible budget for possible sales/production levels of 20,000, 25,000, and 30,000 units. Make sure to show the contribution margin at each activity level. Sales price $100.00 per unit Variable costs: Manufacturing $40.00 per unit Administrative $19.00 per unit Selling $12.00 per unit Fixed costs: Manufacturing $360,000 Administrative $270,000