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QUESTION 10 In activity-based costing, costs must first be allocated to activity cost pools and then they are allocated from the activity cost pools to products, customers, and other cost objects. O True O False QUESTION 11 Sales budgets usually show expected sales in: 1.dollars O 2. units O 3. both o 4.neither QUESTION 12 All of Gaylord Companys sales are on account (credit). Thirty-five percent of these sales are collected in the month of sale, 45% in the month following sale, and the rest are collected in the second month following sale. Bad debts are negligible and should be ignored. The following are budgeted sales data for the company: January February March $50,000 $60,000 $40,000 30,000 April Total sales What is the amount of cash that should be collected in March? 1.$39,000 O 2. $37,000 3. $27,500 4.$51,000

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