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Pie
3 years ago
12

On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November, and December. All of Molloy's

sales are made on account. The following information was used in preparing estimated cash collections:
August sales (actual) 40,000
September sales (actual) $50,000
October sales (estimated) $20,000
November sales (estimated) 70,000
December sales (estimated) $60,000

Approximately 60% of all sales are collected in the month of the sale, 30% is collected in the following month, and 10% is collected in the month thereafter.

a. Budgeted collections from customers in October total: ________
b. Budgeted collections from customers in December total:_______
c. Budgeted collections from customers in November total:________
Business
1 answer:
leonid [27]3 years ago
3 0
So the total is USE A CALCULATOR
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Answer:

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3 years ago
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If a company uses a predetermined rate for absorbing manufacturing overhead, the volume variance is the: Group of answer choices
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