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Off Mai Lee Excise ch 9 feedback Excel ne Insert Page Layout Formulas Data Review...

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Accounting

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Off Mai Lee Excise ch 9 feedback Excel ne Insert Page Layout Formulas Data Review View Help Search f B C D E F G H L How many pounds of clay should be purchased this month? 636 Correct How much is budgeted for direct materials? $254.40 Correct How much is budgeted for manufacturing overhead? $7,560.00 Correct 14 Gek NV makes all its sales on credit and budgeted the following: Sales Purchases Aug $3,200 $1,400 Sept $2,800 $1,300 Oct $2,600 $1,200 Nov $2,400 $1,000 Dec $2,000 $800 * Gek collects 30% of sales the month of the sale, 60% the month after, and 8% two months after. * Gek pays for 30% of its purchases the month of the purchase and 70% the month after. How much cash did Gek collect in October? How much were Gek's October purchase disbursements

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