O d 518000 Blackberry Manufacturing budgeted sales on accoun

O d. $518,000 Blackberry Manufacturing budgeted sales on account of $160,000 for July, $390,000 for August, and $180,000 for September. Experience indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be Question 14 Not yet answered Points out of 3 Flag question Select one: O a. $276,000 O b. $406,000 O c. $298,000 O d. $291,600 Question 15 Not yet answered Points out of 3 Walsh Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,000 actual direct labor- hours and incurred $145,000 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16.999 diret la

Solution

Budget Sales on account:
July = $160000
August = $390000
September = $180000
Collections are realise in 2nd and 3rd month of sale.
Collection of July sales in September = $160000 * 36% = $57,600
Collection of August sales in Sept. = $390000 * 60% = $234,000
Total Collections in Sept. = $291,600
Hence the answer is d). $291,600

Next Question is incomplete.