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1. Question.

Hometown Cha Cha Company is preparing its Manufacturing Overhead budget for the second quarter of the year. Budgeted variable factory overhead is P4.00 per unit produced; budgeted fixed factory overhead is P80,000 per month, with P14,000 of this amount being factory depreciation. If the budgeted cash disbursements for factory overhead for June are P90,000, then the budgeted production for June must be _______units

2.

Alpha Company makes all its sales on account. Accounts receivable payment experience is as follows: Percent paid in the month of sale Percent paid in the month after the sale Percent paid in the second month after the sale Alpha provided information on sales as follows: $125,000 $136,000 August (expected) $142,000