Nieto company's budgeted sales and direct materials purchases are as follows. budgeted sales budgeted d. m. purchases january $200,000 $30,000 february 220,000 36,000 march 250,000 38,000 nieto's sales are 30% cash and 70% credit. credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. nieto's purchases are 50% cash and 50% on account. purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase.

instructions
(a) prepare a schedule of expected collections from customers for march.
(b) prepare a schedule of expected payments for direct materials for march

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a