50. The Ramirez Company budgets variable manufacturing overhead at 60% of direct labor costs. If the company estimates that 10,000 direct labor hours will be used at an average rate of $8.50 per hour. Fixed manufacturing overhead costs are budgeted at $45,000 with $10,000 of that anount being depreciation on plant machinery. Total budgeted manufacturing overhead will be A $130,000 B. $96,000 C. $120,000 D. $86,000 LO3 -Self-test-B 51. The Brady Company has budgeted the following activity for April: Sales of $1,000,000 all in cash The cost of goods sold is 75% of the selling price Inventory purchases of $800,000 were paid for in cash Selling and Administrative expenses are b period incurred. Depreciation expense for April is budgeted at $14,000 The cash balance at March 31 is $45,000 udgeted at $80,000 and are paid in cash in the The budgeted cash balance at the end of April will be: A. $165,000 8. $120,000 C. $151,000 D. $(85,000) LO3-Self-test-A The Ferguson Company makes and sells a single product. The company has estimated the following costs in order to prepared their selling and administrative expenses budget for 2013 s2 Variable Cost per Unit Sold $.40 $.60 $.30 Fixed Costs Sales Commission Shipping Advertising Depreciation on Office Equipment 35,000 $16,000 $96,000 Other $.35 If the sales budget indicates that 120,000 units will be sold in 2013, the total budgeted selling and administrative expenses will be: A $329,000 B. $345,000 C. $198,000 D. $147,000 LO3-Self-test-B Budeted 7-10 Bvd