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Red Rover makes re-usable microbe testing pods that are transportable and has forecast sales to be $133,000 in February, $143,000 in March, $158,000 in April, and $148,000 in May. The average cost of goods sold (COGS) is 70% of sales. All sales are made on credit and are collected 60% in the month of sale, and 40% the month following. What are forecasted cash receipts in April? Multiple Choice $111,000 $149,000 $158,000 $152,000 Cemo, Inc. operates four facilities in North America and two facilities in Europe and makes complex portable four-stage radar systems for the defense industry and has prepared the following plans for March. In March, planned production is 1,000 radar systems, planned sales is 1,200 systems, and inventory unit costs will stay constant. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $ 7.75 per unit $ 12.20 per unit $ 8.20 per unit $8,200 What is budgeted cost of goods sold for March? Multiple Choice $34,922 0 $36,350 0 $41,980 Multiple Choice $34,922 0 $36,350 $36,350 $41,980 0 $43,620 $43,620