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Tyler Corp has the following budgeted sales for the first 4 moeths of next year Маrch $50,000 $145,000 $195,000 April $45,000
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Ans. 14 Option B $445,000
Schedule of Cash receipt In January
January
Cash receipts from:
Cash sales $80,000
Accounts receivable (from November & December sales) $155,000
From January month's credit sales ($350,000 * 60%) $210,000
Total budgeted cash receipts $445,000
Ans. 15 Option D    580,000   MHs
Fixed overhead budget variance = Budgeted fixed overhead - Actual fixed overhead
$39,000 = Budgeted fixed overhead - $280,000
Budgeted fixed overhead   = $280,000 + $39,000
$319,000
Fixed overhead volume variance = (Standard machine hours * Budgeted overhead rate) - Budgeted fixed overhead
$11,000 = (600,000 * Budgeted overhead rate) - $319,000
600,000 * Budgeted overhead rate = $319,000 + $11,000
600,000 * Budgeted overhead rate = $330,000
Budgeted overhead rate   = $330,000 / 600,000
$0.55 per machine hour
Budgeted machine hours = Budgeted fixed overhead / Budgeted overhead rate
$319,000 / $0.55
580,000 MHs
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