4 Solution 4-5 Calculation Of Estimated Cash Receipts: Calculation of Cash Collection: Jan. = Credit Sales: 440,000 Collected in the same Month; 60% i.e. 264,000 + Last month receivables of 375,000 Feb. = Credit Sales: 680,000 Collected inthe same month: 60% i.e 272,000 + 176,000 March = Credit Sales: 784,000 Collected inthe same month: 60% i.e 470,400 + 272,000 So, Cash receipts For Jan. will be $639,000 Cash receipts For Feb. will be $584,000 6-7: 6. Variable Cost for 14,000 Units: Direct Labor = 14,000 x 10 =$140,000 Electricity Expenses = 14,000 x 0.83 = $11,620 Total Variable Cost = $151,620 7. Fixed Cost = Electric Power + Supervisior Salaries Fixed Cost = 1,750 + 23,400 = $25,150 8. Cost for Production of 15,000 Units are: .