33) Leeks Company's product has a contribution margin per unit of S11.25 and a contribution margin ratio of 22.5%. What is the selling price of the product? 33) A) S20 B) S5 C) $40 D) S50 E) S30 34) A company's history indicates that 20% of its sales are for cash and the rest are on 34) credit. Collections on credit sales are 30% in the month of the sale, 50% in the next month, and 15% the following month. Projected sales for January, February, and March are S60,000, $85,000 and $95,000, respectively. The March expected cash receipts from all current and prior credit sales is: A) S63,080 B) $80,750 C) $57,000 D) $64,000 E) $90,250 35) Using the information below for Laurels Company determine the manufacturing costs 35) added during the current year: Direct materials used $5,000 7,000 5,100 Direct Labor Total Factory overhead ginning work in p nding work in process c rocess 4,000 A) S18,100 $17,100.C)S13,600 D) E) S16,100