50. The Ramirez Company budgets variable manufacturing overhead at 60% of direct labor costs. If the y estimates that 10,000 direct labor hours will be used at an average rate of compan Fixed manufacturing overhead costs are budgeted at $45,000 with $10,000 of that amount 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- 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 budgeted at $80,000 and are paid in period incurred. Depreciation expense for April is budgeted at $14,000 The cash balance at March 31* is $45,000 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 52. 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: Fixed Costs Sales Commission Shipping Advertising Depreciation on Office Equipment- Other Variable Cost per Unit Sold $.40 $.60 $.30 $35,000 $16,000 $96,000 $.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