Murie Corporation makes one product and has provided the fol…

Murie Corporation makes one product and has provided the following information:Budgeted selling price per unit                                      $ 98 per unit soldBudgeted unit sales, February                                   11,000 unitsRaw materials requirement per unit of output                  5 poundsRaw materials cost                                                      $ 3.00 per poundDirect labor requirement per unit of output                  2.5 direct labor-hoursDirect labor wage rate                                              $ 18.00 per direct labor-hourPredetermined overhead rate (all variable)            $ 11.00  per direct labor-hourVariable selling and administrative expense            $ 2.70  per unit soldFixed selling and administrative expense            $ 80,000  per monthThe estimated net operating income (loss) for February is closest to:

Varughese Incorporated is working on its cash budget for Mar…

Varughese Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000. The excess (deficiency) of cash available over disbursements for March will be: