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XYZ Company produces and sells one product. The budgeted selling price per unit is $60. Budgeted unit sales for July, August, September, October and
XYZ Company produces and sells one product. The budgeted selling price per unit is $60. Budgeted unit sales for July, August, September, October and November are 1,400 units, 2,100 units, 3,400 units, 2,700 units and 4,200 units, respectively. All sales are on credit. Regarding credit sales, 30% are collected in the month of the sale, 50% in the month following sales, and the remaining 20% in the second month following sale. The expected total cash collections in September is closest to: Select one: a. $117,500 b. None of the given answers O c. $141,000 O d. $192,600 e. $129,250 XYZ Company's customer service department follows up on customer complaints by telephone inquiry. During a recent period, the department initiated 7,000 calls and incurred costs of $203,000. If 2,940 of these calls were for the company's marketing division (the remainder were for the retail division), costs allocated to the retail division should amount to: Select one: a. $85,260. O b. $0. Oc. $203,000. Od. $117,740. Oe. $29.
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