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For a merchandising company, the selling and administrative expense budget is divided by A. current and long-term expenses B. variable and fixed expenses C. short-term and long-term expenses D. cash and credit purchases For the cash budget, cash receipts can be projected by referring to the A. inventory, purchases, and cost of goods sold budget B. sales budget C. capital expenditures budget D. production budget Brannon Company expects sales of 800 units for the first quarter, 850 units for the second quarter, 900 units for the third quarter, and 1,000 units for the fourth quarter. If the sales price is $30 per unit, what is the expected sales for the first quarter? A. $ 106,500 B. $24,000 C. $30,000 D. $27,000 Dean Manufacturing expects to produce 12,600 units in January and 13,900 units in February. The company budgets $35 per yard for direct materials and each unit has been budgeted 1 yard of material. The amount of indirect materials needed for production has been determined to be insignificant and will therefore not be considered in the calculation. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 4,500 yards. The company desires the ending balance in Raw Materials Inventory to be 15% of the next month's direct materials needed for production. What is the cost of the budgeted purchases of direct materials needed for January? O A. $72,975 B. $513,975 O C. $356,475 D. $441,000

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