This is also #12

Question 10 2 pts In a make or buy decision, fixed costs are more likely to be relevant than variable cost. True False Question 12 2 pts Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year. Cash sales. Credit sales ........ Jan $15,000 $100.000 Feb $24,000 $120,000 Mar $18,000 $90,000 Apr $14,000 $70,000 On average, 50% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder are paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflow in March is: O $138,000 $119,000 $122,000 $ 108,000 Question 13 2 pts The Willsey Merchandise Company has budgeted $40,000 in sales for the month of December. The company's cost of goods sold is 30% of sales. If the company has budgeted to purchase $18,000 in merchandise during December, then the budgeted change in inventory levels over the month of December is: $22,000 decrease Question 14 2 pts A static budget: should be compared to a flexible budget to assess variances related to rates, contains a budgeted level of activity and budgeted rates. contains the actual level of activity for the period