Sales for October, November, and December are expected to be

Sales for October, November, and December are expected to be

Sales for October, November, and December are expected to be R200,000, R180,000, and R220,000, respectively, for Ripken Company. All sales are on account (terms 2/15, net 30 days) and are collected 50 percent in the month of sale and 50 percent in the following month. One-half of all sales discounts are taken on the average. Materials are purch Materials used 40,000 36,000 44,000 Salaries 70,000 68,000 72,000 Maintenance and repairs 18,000 18,000 18,000 Depreciation 36,000 36,000 36,000 Utilities and other 14,000 14,000 14,000 Dividends paid -0- 10,000 -0- Payment on bonds 8,000 8,000 8,000 Required: Using the given information, prepare a cash budget for November. (6) Question 7: Control systems (14 marks) Timothy, SA., uses a flexible budget for overhead costs. The company expects to produce 40,000 units of the product it manufactures. Each unit requires 0.40 direct labour hours. The cost formulas for each of the four overhead items (where X is measured in direct labour hours) is as follows: Cost Formula Power 0.40X Maintenance R15,000 + 0.60X Indirect labour R18,000 + 2.50X Rent R20,000 Required: