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Question
Diego, Inc., sells two products, Baubles and Charms. The sales forecast in units for the first quarter of the coming year is:| Baubles | Charms | |
| January"u00a6.. | 20,000 | 36,000 |
| February"u00a6 | 28,000 | 60,000 |
| March"u00a6"u00a6 | 36,000 | 64,000 |
Cash sales are 30% of each product's monthly sales. The remaining sales are credit sales which are collected as follows: 70% in the month of sale, 20% the next month, and 10% in the following month. Unit sale prices are $30 and $20 for Baubles and Charms, respectively.
Determine the company's cash receipts for March from its current and past sales.
Answer
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Variable manufacturing overhead
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Match the following
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Q:
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Given the Cool Pools Company data, what is net income using absorption costing?
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