Dayton has forecast sales to be $205,000 in february, $270,000 in march, $290,000 in april, and $310,000 in may. the average cost of goods sold is 60% of sales. all sales are made on credit and sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. what are budgeted cash receipts in may?

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

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