A company has projected the following sales for the spring quarter of 2014: April May $200,000...

 

 

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A company has projected the following sales for the spring quarter of 2014: April May $200,000 $250,000 June $275,000 65% of all sales are paid for with cash. The remainder is on credit. The pattern for credit receivables collections are: Month of Sale Month After Sale Second Month After Sale What are the forecasted cash collections for the month of June? 60% 30% 10% A running shoe manufacturer produces three types of shoes: traditional, minimalist, and spikes. The company uses the following information to determine activity rates for each pool: Cost Pool Costs Total Activity Shoe Production $250,000 20,000 pairs of shoes Shoe batches $10,000 500 batches Shoe design $5,000 100 parts Total $265,000 Data concerning the three shoe products appear below: Cost Driver Traditional Minimalist Spikes Number of pairs of shoes 10,000 7,500 2,500 Number of batches 150 250 100 Number of parts 20 30 50 What is the total amount of overhead applied to spikes shoes? A company has projected the following sales for the spring quarter of 2014: April May $200,000 $250,000 June $275,000 65% of all sales are paid for with cash. The remainder is on credit. The pattern for credit receivables collections are: Month of Sale Month After Sale Second Month After Sale What are the forecasted cash collections for the month of June? 60% 30% 10% A running shoe manufacturer produces three types of shoes: traditional, minimalist, and spikes. The company uses the following information to determine activity rates for each pool: Cost Pool Costs Total Activity Shoe Production $250,000 20,000 pairs of shoes Shoe batches $10,000 500 batches Shoe design $5,000 100 parts Total $265,000 Data concerning the three shoe products appear below: Cost Driver Traditional Minimalist Spikes Number of pairs of shoes 10,000 7,500 2,500 Number of batches 150 250 100 Number of parts 20 30 50 What is the total amount of overhead applied to spikes shoes?

Answer rating: 100% (QA)

Answer Cash Collections Forecasting April Cash Sales 200000 x 65 130000 May Cash Sales 250000 x 65 1... View the full answer