Bonkowski Corporation Makes One Product and Has Provided the Following

question 170

Multiple Choice

Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Credit sales are collected:30% in the month of the sale70% in the following monthRaw materials purchases are paid:30% in the month of purchase70% in the following monthThe ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.The estimated selling and administrative expense for February is closest to:

• A) $71,470
• B) $37,200
• C) $107,200
• D) $70,000

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Definitions:

Programming

The process of translating a task into a series of commands a computer will use to perform that task.

Flowchart

Visual diagram of a process, including the decisions that need to be made along the way.

Pseudocode

A text-based approach to documenting an algorithm.

Control Structures

Constructs in programming that dictate the order in which operations are executed, including loops, conditionals, and case statements.