EBK BUSN
EBK BUSN
11th Edition
ISBN: 8220106798461
Author: Kelly
Publisher: YUZU
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Chapter 15, Problem 2LO
Summary Introduction

To discuss: Major issues of human resources in today’s economy.

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During July, Colin Manufacturing produced 8,500 units. The standard quantity of material allowed per unit was 5 kilograms at a standard cost of $7 per kilogram. If there was an unfavorable usage variance of $18,900 for July, what amount must be the actual quantity of materials used?
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Brenda Confections is preparing its cash budget and expects to have sales of $50,000 in April, $65,000 in May, and $75,000 in June. If 30% of sales are for cash, 50% are credit sales paid in the month after the sale, and 20%are credit sales paid 2 months after the sale, what are the expected cash receipts for June?
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