The Carlquist Company makes and sells a product called Product K. Each unit of Product K sells for $35 and has a unit variable cost of $21. The company has budgeted the following data for November:

Sales of $1,942,500, all in cash.

A cash balance on November 1 of $51,000.

Cash disbursements (other than interest) during November of $1,949,300.

A minimum cash balance on November 30 of $60,000.

If necessary, the company will borrow cash from a bank. The borrowing will be in multiples of $1,000 and will bear interest at 2% per month. All borrowing will take place at the beginning of the month. The November interest will be paid in cash during November. The amount of cash needed to be borrowed on November 1 to cover all cash disbursements and to obtain the desired November 30 cash balance is:

$17,340

$8,500

$16,000

$17,000

Balmforth Products, Inc. makes and sells a single product called a Bik. It takes three yards of Material A to make one Bik. Budgeted production of Biks for the next five months is as follows:

February	15,500 units
March	17,000 units
April	13,400 units
May	14,100 units
June	16,000 units

The company wants to maintain monthly ending inventories of Material A equal to 25% of the following month's production needs. On January 31, this target had not been attained since only 3,000 yards of Material A were on hand. The cost of Material A is $0.80 per yard. The company wants to prepare a Direct Materials Purchases Budget. The total cost of Material A to be purchased in February is:

$45,000

$37,200

$47,400

$19,000

Deschambault Inc. is working on its cash budget for December. The budgeted beginning cash balance is $26,000. Budgeted cash receipts total $178,000 and budgeted cash disbursements total $168,000. The desired ending cash balance is $50,000. To attain its desired ending cash balance for December, the company needs to borrow:

$14,000

$86,000

$0

$50,000

Salge Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $7.80 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $94,050 per month, which includes depreciation of $16,280. All other fixed manufacturing overhead costs represent current cash flows. The direct labor budget indicates that 5,700 direct labor-hours will be required in September. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for September should be:

$16.50

$21.40

$24.30

$7.80