The following are budgeted data: Two pounds of material are required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for May should be: 39, 200 pounds 52,000 pounds 36, 800 pounds 38,000 pounds Markham Company has completed its sales budget for the first quarter of 2014. Projected credit sales for the first four months of the year are shown below: The company's past records show collection of credit sales as follows: 4014 in the month of sale and the balance in the following month. The total cash collection from receivables in March Is expected to be: $18,000. $45,000. $41, 400. $39, 600 Which of the following Items would be reported directly on the income statement as a period cost? Selling and administrative salaries Cost of lubricant for oiling machinery Wages paid to machine operators All of these. Phan Company has not reported a profit In five years. This year the company would like to narrow its loss to $7, 500. Assuming its selling price is $36.50 per unit and its variable costs per unit are $24, how many units must be sold to achieve its target given that total fixed costs are $60,000? 2, 188 1, 439 4, 200 1, 600 Falls Company has a contribution margin of $32 per unit and fixed costs of $500,000, and it desires to earn a profit of $100,000. What is the sales volume in units required to achieve this desired profit? 3, 125 units 18, 750 units 15, 625 units 12, 500 units