Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. Sales on account are budgeted to be $150,000 for March and receipts from sales on account total $162,500 in April. What are budgeted sales on account for April?

Flounder Company budgeted selling expenses of $27,000 in January, $31,500 in February, and $36,000 in March. Actual selling expenses were $28,060 in January, $31,070 in February, and $41,400 in March. The company considers any difference that is less than 5% of the budgeted amount to be immaterial. Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date. NDER COMPANY g Expense Report iarter Ending March 31 SA $ Budget +A $ Year-to-Date Actual Difference $ +A $ $ $ $ tA $ +A $

Apollo Corporation produces and sells a single product, sewing machines, for $100 per unit. Budgeted sales for the next three months are given below:     Unit Sales June 76,000 July 80,000 August 85,000   All sales are on credit and are collected in the following pattern: 30% in the month of sales and the remaining 70% in the month following the sale.   1. What is the amount of sales revenue reported on the company’s budgeted income statement for July? multiple choice 1 a)$8,000,000 b)$7,600,000 c)$8,500,000 d)$7,720,000     2. Past experience has shown that end-of-month inventory levels must equal 20% of the following month’s unit sales. How many units are required to be produced in July? multiple choice 2 a)82,400 units b)81,000 units c)86,400 units d)80,000 units 3. In July, how much cash the company can collect from sales? multiple choice 3 a)$7,600,000 b)$8,000,000 c)$8,680,000 d)$7,720,000 4. In the company’s balance sheet dated…

The Panda Company has budgeted its activity for October according to the following information:   Sales are budgeted at $392,000 and all sales are for cash.   All purchases of merchandise inventory are for cash. Merchandise inventory was $150,000 on September 30 and the planned merchandise inventory on October 31 is $140,000. All merchandise is sold at 40% above cost.   The selling and administrative expenses are budgeted at $92,000 for the month. All of these expenses are paid for in cash except for depreciation of $12,000.   What is the budgeted net income for October?

Montel Company's July sales budget shows sales of $560,000. The company budgets beginning merchandise inventory of $68.00O and ending merchandise inventory of $33,000 for July. Cost of goods sold is 30% of sales. Determine the budgeted cost of merchandise purchases for July. Hint: Use the relation (Beginning Inventory + Purchases - Cost of Goods Sold = Ending Inventory) to solve for purchases. MONTEL COMPANY Budgeted Cost of Merchandise Purchases For Month Ended July

Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January, 200,000 units; February, 180,000 units; March, 210,000 units; and April, 230,000 units. Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following month's sales.  Determine the budgeted units of production for March.

ABC Store. has budgeted sales for June and July at $690,000 and $720,000, respectively. Sales are 90% credit, of which 70% is collected in the month of sale and 30% is collected in the following month. What are the cash collections in July.

Fillmore, Inc., expects sales of its housing for electric motors to be $82,000, $72,000, and $89,000 for January, February, and March, respectively. Its variable selling and administrative expenses are 11 percent of sales, and fixed selling and administrative expenses are $14,000 per month. Compute Fillmore's selling and administrative expense budget for January, February, and March. Budgeted selling and administrative expenses January February March

Ratchet Manufacturing's August sales budget calls for sales of 5,000 units. Each month's sales are expected to exceed the prior month's results by 6%. The product selling price is $20 per unit. The expected total sales dollars for September's sales budget are:     $100,000.   $94,000.   $106,000.   $112,000.   $5,300.

Zahn Co. predicts sales of 246 units in May and 500 units in June. Each month’s ending inventory should be 25% of the next month’s sales. The April 30 ending finished goods inventory is 120 units. Compute budgeted production (in units) for May. Budgeted production (in units)