bbprodhvcc.edu Tak Test: Ch 8 Test - Spring 2 Remaining Time: 1 hour, 11 minutes, 00 seconds. Question Completion Status: In the manufacturing overhead budget, the non-cash charges (such as depreciation) are deducted from the total budget manufacturing overhead to determine the expected cash disbursements for manufacturing overhead. True False QUESTION 14 KAB Inc., a small retail store, had the following results for May. The budgets for June and ) Sales Less cost of goods sold.... Grond margin... Les selling and administrative expenses Net operating income........ May June July (actual) (budget) (budget) $42,000 $40,000 $45,000 21.000 20.000 2.500 21,000 20,000 22,500 20,000 20,000 20.000 S100 $ 0 $12.500 Sales are collected B0% in the month of the sale and the balance in the month following the sale. (There are no bad debts.) The goods that are sold are purchased in the month prior to sale. Suppliers of the goods are paid in the month following the sale. The "selling and administrative expenses are paid in the month of the sale R -1 The cash disbursements during the month of June for goods purchased for resale and for selling and administrative expenses should be: $40,000 $41,000 $42,500 $43,500 QUESTION 15 Click Save and submit to Nick Save All Answers to save all answers. MacBook Air