- The Following Information Is Taken From The Production Budget For The First Quarter Beginning Inventory In Units Sales 1 (40.83 KiB) Viewed 31 times
Sunland Company is planning to sell 1300 boxes of ceramic tile, with production estimated at 970 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.50 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $21 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Sunland has 3600 pounds of clay mix in beginning inventory and wants to have 5500 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month? O 59100 O 42680 O 44580 O 40780
Concord Co.'s projected sales are as follows: August $370,000 September $540,000 October $620,000 Concord estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 18% in the second month following the sale. Two percent of all sales are estimated to be bad debts. What are Concord Co.'s budgeted cash receipts for October? Budgeted Cash Receipts $