Acme Company is preparing its budget for the upcoming year….

Acme Company is preparing its budget for the upcoming year. Cash sales are budgeted at $172,000 for May and $190,000 for June, and sales on account are budgeted at $360,000 for May and $370,000 for June. For its credit sales, Acme collects 20% in the month of the sale, 60% in the month following the sale, and 20% in the second month following the sale. The accounts receivable balance on May 1 is $275,000, of which $205,000 represents uncollected April sales and $70,000 represents uncollected March sales. What are the total budgeted cash collections during the month of May?

Acme Company is preparing its budget for the upcoming year….

Acme Company is preparing its budget for the upcoming year. Cash sales are budgeted at $180,000 for May and $190,000 for June, and sales on account are budgeted at $360,000 for May and $370,000 for June. For its credit sales, Acme collects 20% in the month of the sale, 60% in the month following the sale, and 20% in the second month following the sale. The accounts receivable balance on May 1 is $275,000, of which $205,000 represents uncollected April sales and $70,000 represents uncollected March sales. What are the total budgeted cash collections during the month of May? 

Acme Company produces and sells widgets. During the current…

Acme Company produces and sells widgets. During the current year, Acme produced 42,600 units, total variable manufacturing costs were $59,640, and total fixed manufacturing costs were $110,760. Operating income is $168,900 using variable costing and $227,868 using absorption costing. Acme’s per-unit manufacturing costs were the same in prior years. During the current year, the inventory level:

Acme Company produces and sells a single product. Acme’s bud…

Acme Company produces and sells a single product. Acme’s budget for the upcoming year assumes sales of 3,600 units, a selling price of $55.00 per unit, variable costs of $22.00 per unit, and fixed costs of $20.25 per unit. What is the margin of safety in terms of sales revenue?