The Gomez Company, a merchandising firm, has budgeted its activity for December according to the following information Sales at $580,000, all for cash. Merchandise Inventory on November 30 was $290,000. The cash balance at December 1 was $28,000. Selling and administrative expenses are budgeted at $36,000 for December and are paid for in cash. Budgeted depreciation for December is $28,000. The planned merchandise inventory on December 31 is $302,000. The cost of goods sold represents 66% of the selling price. All purchases are paid for in cash. The budgeted cash disbursements for December are:

$418,800

$394,800

$430,800

$458,800

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:

$7.80

$16.50

$24.30

$21.40

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:

$86,000

$0

$14,000

$50,000

Avril Company makes collections on sales according to the following schedule:

25% in the month of sale

60% in the month following sale

11% in the second month following sale

The following sales are expected:

	Expected Sales
January	$120,000
February	$130,000
March	$140,000

Cash collections in March should be budgeted to be:

$134,400

$140,000

$130,000

$126,200