Winthrop Merchandising is preparing its budget for 2011 (its first year of operation). Sales for the year are budgeted at $1,500,000; 20% are cash sales and 80% are credit sales. The company expects to collect 60% of all credit sales in 2011. Budgeted expenses are $1,200,000. These expenditures include $37,500 for depreciation and $745,500 for variable manufacturing overhead.Given the information above, total cash outflows for 2011 would be:

Fill in the Blank QuestionFill in the blank question.A merchandising company's budget includes the following data for January: Sales: $400,000; COGS: $270,000; Administrative salaries: $1,250; Sales commissions: 5% of sales; Advertising: $10,000; Salary for sales manager: $30,000; Miscellaneous administrative expenses: $5,000. The total selling expenses on the January selling expense budget will be $.

Fill in the Blank QuestionFill in the blank question.A manufacturing company's sales budget indicates the following sales: January: $30,000; February: $20,000; March: $15,000. The company expects 80% of the sales to be on account. Credit sales are collected 30% in the month of the sale and 70% in the month following the sale. The total cash receipts collected during March will be $.

Fill in the Blank QuestionFill in the blank question.A merchandising company's sales budget indicates the following sales: January: $25,000; February: $30,000; March: $35,000. Sales personnel are paid a salary plus commission. Salaries are expected to be $5,000 per month and the commission is 10% of sales. Additionally, advertising is expected to be $600 per month. The total selling expenses for the quarter will be $.

Operating expenses $ 45,000 Sales returns and allowances 13,000 Sales discount 6,000 Sales revenue 150,000 Costs of sales 77,000 The amount of net sales on the income statement would be:

The following abstract of certain ledger balances have been provided from a company's budget [Note: These same figures will be used in the following few questions]:   Cost of goods sold 1,605Finished Goods - Closing balance 105Fixed manufacturing overhead applied 185Gross Profit 1,095Materials - Closing balance 90Materials - Opening balance 100Materials - Used 375Operating income 510Period Costs 585Revenue 2,600Total manufacturing costs incurred 1,610Total manufacturing overhead costs 500Work in Process - Closing balance 210Work in Process - Opening balance 200Calculate the value of "Direct manufacturing labour"? (enter your figure to the nearest whole number, without dollar signs ($) or comma's)