Rokosz Corporation Makes One Product and It Provided the Following

question 11

Multiple Choice

Rokosz Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:The budgeted selling price per unit is $104. Budgeted unit sales for October, November, December, and January are 6,900, 7,100, 11,300, and 15,300 units, respectively. All sales are on credit.Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month.The ending finished goods inventory equals 20% of the following month's sales.The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.00 per pound.The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.5 direct labor-hours.The expected cash collections for November is closest to:

• A) $502,320
• B) $221,520
• C) $723,840
• D) $717,600

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Definitions:

Black Church Goers

Members of the African American community who regularly attend church services, often associated with a rich tradition of spiritual and community support within Black churches.

Christianity

A monotheistic religion based on the life and teachings of Jesus Christ, emphasizing love, redemption, and the concept of salvation.

Equality Before God

The theological or philosophical concept that all human beings are equal in the eyes of a divine power or God, regardless of social, economic, or ethnic differences.

Blacks

A term referring to people of African descent, often used in the context of discussing racial identity and experiences, particularly in the United States.