15. A company budgets labor costs at 15 per hour. If the production process requires 5 hours per unit and 1,000 units are planned, what is the total labor budget? A. 7,500 B. 15,000 C. 75,000 D. 5,000 16. If a company budgets sales of 20 ,000 units, desires ending inventory of 4,000 units, and has a beginning inventory of 2 ,000 units, the required production is: A. 18,000 units B. 20,000 units C. 22,000 units D. 24,000 units 17. A company had the following sales: March 60,000 April 80,000, and May 100,000. If 50% of sales are collected in the month of sale, 30% in the following month, and 20% two months later, what are the cash receipts for May? A 50,000 B 78,000 C. 80,000 D. 86,000 18. If a company pays 70% of its purchases in the current month and 30% in the following month, how much will it disburse in February for January purchases of 60,000 A. 18,000 B. 42,000 C. 60,000 D. 78,000 19. A cash budget shows cash inflows of 50,000 cash outflows of 45,000 and a beginning cash balance of 10,000 If the company has a minimum cash balance requirement of 15,000 how much must it borrow? A. 0 B. 5,000 C. 10,000 D. 15,000 20. A company anticipates cash inflows of 200,000 outflows of 180,000 and a beginning cash balance of 25,000 If the company has a minimum cash balance requirement of 30,000 how much surplus or deficit will it have? A. 15,000 surplus B. 5,000 deficit C. 10,000 surplus D. 25,000 deficit

15. The total labor budget can be calculated by multiplying the labor cost per hour by the number of hours required per unit and then by the number of units planned. So, the total labor budget is $\$15 \times 5 \times 1,000 = \$75,000$. Therefore, the correct answer is C. $\$75,000$.<br /><br />16. The required production can be calculated by adding the desired ending inventory to the budgeted sales and then subtracting the beginning inventory. So, the required production is $20,000 + 4,000 - 2,000 = 22,000$ units. Therefore, the correct answer is C. 22,000 units.<br /><br />17. The cash receipts for May can be calculated by adding 20% of the sales of March, 30% of the sales of April, and 50% of the sales of May. So, the cash receipts for May are $0.20 \times 60,000 + 0.30 \times 80,000 + 0.50 \times 100,000 = \$86,000$. Therefore, the correct answer is D. $\$86,000$.<br /><br />18. The disbursement for January purchases in February can be calculated by multiplying 30% of the purchases. So, the disbursement for January purchases in February is $0.30 \times 60,000 = \$18,000$. Therefore, the correct answer is A. $\$18,000$.<br /><br />19. The amount the company must borrow can be calculated by subtracting the sum of the beginning cash balance and the cash inflows from the sum of the cash outflows and the minimum cash balance requirement. So, the amount the company must borrow is $(45,000 + 15,000) - (50,000 + 10,000) = \$0$. Therefore, the correct answer is A. $\$0$.<br /><br />20. The surplus or deficit can be calculated by subtracting the sum of the beginning cash balance and the cash outflows from the sum of the cash inflows and the minimum cash balance requirement. So, the surplus or deficit is $(200,000 + 30,000) - (180,000 + 25,000) = \$5,000$ surplus. Therefore, the correct answer is A. $\$5,000$ surplus.