O d. $255 U Meegan manufacturing has the following budgeted sales data: March Ap

Question

O d. $255 U Meegan manufacturing has the following budgeted sales data: March April Question 19 Not yet answered Points out of 3 P Flag question January February 2& Cash Sales $%70,000 $90,000 $80,000 $70,000 Credit Sales $400,000 $350,000 $300,000 $320,000 The regular pattern of collection of credit sales is 35% in the month of sale, 46% in the month following Ch 5 sale, and the remainder in the second month following the month of sale. The budgeted accounts receivable balance on February 28 would be: XAM h 12 h 6 - Ch 7 Exam Select one: O a. $303,500.00 O b. $487,500.00 O c. $405,000.00 O d. $422,500.00 - Ch 10 Ch 8 -Ch 8& Question 20 Answer saved Points out of 3 Morgan Manufacturing makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost per Unit

Explanation / Answer

Budgeted accounts Receivable balance on February 28 = (400000*19%)+(350000*65%)= $303500 Option A is correct

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