90.2K

Verified Solution

Link Copied!

The LaGrange Corporation had the folowing budgeted sales for the first half of the current year 4 3 ponts January February March April May June Cash Credit Sales Sales $ 70,000 $170,00 $75,000 $190,000 $ 27,000 $150,000 $ 22,000 $107.000 $ 32,eee $220,000 $1ee,000 $10,000 3005145 The company in the process of preparing a cash budget and determine the expected cash collections by month to this end, the following information hos been assemble Collections on sale 5. in inonth of sale 40' in month following sale 10% in second month following sale The accounts receivable bance on January of the current year was S65.000, of which 12000 represents collected December and $18.000 represents uncollected November sales The total cash collected during January by Lorange Corporation would be The total cash collected during January by LaGrange Corporation would be 4 Multiple Choice 00:57:22 $291,000 $223.000 $94,000 $210,600 Frolic Corporation has budgeted sales and production over the next quarter as follows 5 Sales in units Production in units July August September 45, eae 57.ee 2 45,700 57.100 1,650 3 DO 3 OSTOS The company has 5,000 units of product on hand at July 10% of the next month's soles units should be on and at the end of each month October sales are expected to be 76.500 units, Budgeted sales for September would be on units 5 The company has 5.000 units of product on hand at July 10% of the next month's sales in unts should be on hand at the end of each month October sales are expected to be 76.500 units Budgeted sales for September would be in units non 3 00:50 Mulpie Choice 69.300 60.000 6710 0.000 5 LBC Corporation makes and sells a product called Product WZ Each unit of Product WZ sequites 31 hours of direct labor of the role of $9700 per direct laborious Management would like you to prepare a Direct Labor Budget for June The company plans to sell 50.000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 ae budited to be 620 and 180 units respectively Budgeted direct labor costs for June would be 056-30 Multiple Choice 51.342.500 548172 54166.922 54.185,672

Answer & Explanation Solved by verified expert

See Answer