144. Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales are budgeted to be $200,000 for March and $250,000 for April, what are the budgeted cash receipts from sales on account for April?
145. Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales are budgeted to be $150,000 for March and $200,000 for April, what are the budgeted cash receipts from sales on account for April?
146. Finewood Cabinet Manufacturers uses flexible budgets that are based on the following manufacturing data for the month of July:
Direct materials
$8 per unit
Direct labor
$5 per unit
Electric power (variable)
$0.30 per unit
Electric power (fixed)
$4,000 per month
Supervisor salaries
$15,000 per month
Property taxes on factory
Straight-line depreciation
$2,900 per month
Prepare a flexible budget for Finewood, based on production of 10,000, 15,000, and 20,000 units.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here