The following information pertains to the January operating budget for Casey Corporation . . . Budgeted sales for January $205,000 and February $105,000 Collections for sales are 60% in the month of sale and 40% the next month. Gross margin is 30% of sales Administrative costs are $12,000 each month. Beginning accounts receivable is $22,000. Beginning inventory is $24,000 Beginning accounts payable is $71,000 (All from inventory purchases) Purchases are paid in full the following month Desired ending inventory is 20% of next month's cost of goods sold (COGS) For January, budgeted net income is . . O A. $70,000 OB. $111,000 OC. $61,500 OD. $49,500 Generation X Fashions Inc solls 500 units resulting in $7,000 of sales revenue, $3,000 of vanable costs, and $1,500 of fixed costs Contribution margin per unit is (Round the final answer to the nearest cont.) O A $500 OB. 58.00 OC 51700 OD. $14.00