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a. Budgeted monthly absorption costing income statements for April-July are: April May June July $ 470,000 $1,000,000 $450,00a. Sales continue to be 20% for cash and 80% on credit. However, credit sales from April, May, and June are collected over aRequired 1 Required 2A Required 2B Required 3 Using the presidents new assumptions in (b) above, prepare the following for mRequired 1 Required 2A Required 2B Required 3 Using the presidents new assumptions in (b) above, prepare the following for mComplete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 3 Using the pr

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Answer #1

February 1,65,000 33,000 1,32,000 March 2,25,000 1345,000 1,80,000 Particulars Sales Cash sales (20%) Credit sales (80%) COGS

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