The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 6100 direct labor-hours will be required in May. The variable overhead rate is $8.50 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $111,630 per month, which includes depreciation of $24,960. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for May should be: Muitiple Choice $8.50 $26.80 $23.30 Multiple Choice $8.50 $26.80 $23.30 $18.30 Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 1,900 units are planned to be sold in March. The variable selling and administrative expense is $4.80 per unit. The budgeted fixed selling and administrative expense is $35,690 per month, which includes depreciation of $3,400 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be: Muitiple Cholce $44,810 $41.410 $32,290 $44,810 $41,410 $32,290 $9,120 Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $23,000. Budgeted cash receipts total $195,000 and budgeted cash disbursements total $194,000. The desired ending cash balance is $39,000. The excess (deficiency) of cash available over disbursements for July will be: Multiple Choice $24,000 $22.000 $1,000 Multiple Choice $24,000 $22,000 $1,000 $218,000 Sparks Corporation has a cash balance of $17100 on April 1. The company must maintain a minimum cash balance of $14,000. During April, expected cash receipts are $64,000. Cash disbursements during the month are expected to total $76,000. Ignoring interest payments, during April the company will need to borrow: Multiple Choice $8,900 $5,100 $14,000 Multiple Choice $8.900 $8,900 $5,100 $14,000 $12,000