Webster Corporation is preparing a master budget for the first quarter. The company budgets production of 2.880 units in January, 2700 units in February and 3,240 units in March. Each unit requires 0.5 hours of direct laboe. The direct labor rate 15$14 per hour. Cortpute the budgeted direct labor cost for the first guarter budget: Muliple Choce $56300 $61,740 $123480 $113400 TB MC Qu. 07-169 (Algo) Grason Corporation is preparing a budgeted... current yoar budgeted income stalement shows expected net income of \$10.000. Thie company expects so declare dividends durifig the cugent year arfounting to. $38,000. The expected bilance on December 31 of the current ycar in retained eamings on the budgoted bolance shect is: Miatiole Cnoice 4579500 $601,600 scassoo $49+500 TB MC Qu. 07-111 (Algo) Southland Company is preparing... Southland Company is preparing a cash budget for August. The company has $18,200 cash at the beginning of August and anticipates $123,200 in cash receipts and $135,900 in cash payments during August. Southland Company warts to maintain a minimum cast balance of $10,000 To maintain the minimum cash bolance of $10,000, the company must borrow; Multiple choice 50. 510.000 $5500 58200 IB MC Qu. 07-124 (Algo) Gardner Company expects sales... Gardner Company expects sales for October of $251,000. Experience suggests that 55% of sales are for cash and 45% are on credit. The company colfects 50\% of its credit sales in the month of sale and 50% in the month following sole. Oludgeted Accounts Recelvable on Septernber 30 is $69,500. What is the amount of cash expected to be collected in October? Muluple Choice $125,500. $207,550 $194,525. $138,050 TB MC Qu. 07.93 (Algo) Schrank Company is trying to decide how... Schrank Comparry is tiying to decide how many units of merchandise to order each month. Company policy is to have 20% of the next month's sales in invenfory at purchased in September? Multiple Choice 30000 40,000 42000 44000 TB MC Qu. 07-147 (Algo) Use the following information to... Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget: a. Beginning cash balance on June 1, $95,200. b. Cash receipts from sales, $419,000. c. Budgeted cash puyments for purchases, $274,000 d. Budgeted cash puyments for salanes, $96,200. e. Other budgeted cash expenses, $58,200 1. Cash repayment of bank loan, $33,200. 9. Budgeted depreciation expense, \$35,200, Multiple Choice $85,800 $52,600 $110.800
