Ch. 8 Budgeting

What amount of cash collections would appear in the company's cash budget for the second month?

• $91,300

• $94,800

• $95,700

• $98,900

The total cash collected in January is...

• 100k

• 220k

• 197k

• 166k

The February cash disbursements for manufacturing overhead on the manufacturing overhead budget is...

• $215,040

• $196,890

• $80,640

• $134,400

What is the Accounts Payable Balance at the end of April?

• $330,880

• $140,800

• $224,300

• $165,440

How much cash disbursements for raw materials purchases would be shown in the company's cash budget for April?

• $470,900

• $475,900

• $478,900

• $480,900

What is the budgeted gross margin for May?

• $37,000

• $38,000

• $39,000

• $40,000

What is the estimated unit sales in February?

• 27,730

• 18,300

• 19,445

• 22,400

The January Cash disbursements for manufacturing overhead should be:

• $56780

• $60780

• $54180

• $53180

If the company does not pay any interest or dividends, what is its budgeted retained earnings on May 31st?

• $20k

• $23k

• $18k

• $26k