All of Gaylord Corporation’s sales are on account. Thirty-fi…

All of Gaylord Corporation’s sales are on account. Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company:                      January      February     March        AprilTotal sales     $50,000     $60,000     $40,000     $30,000What is the amount of cash that should be collected in March?

Solly Corporation produces a product for national distributi…

Solly Corporation produces a product for national distribution. Standards for the product are:Materials: 12 ounces per unit at 60¢ per ounce.Labor: 2 hours per unit at $8 per hour.During the month of December, the company produced 1,000 units. Information for the month follows:Materials: 14,000 ounces purchased and used at a total cost of $7,700.Labor: 2,500 hours worked at a total cost of $20,625.The labor rate variance is:

The following data have been provided by Moretta Corporation…

The following data have been provided by Moretta Corporation, a company that produces forklift trucks:Budgeted production                                   3,400 trucksStandard machine-hours per truck                  2.9 machine-hoursStandard supplies cost                                 $1.50 per machine-hourActual production                                         3,800 trucksActual machine-hours                                10,930 machine-hoursActual supplies cost (total)                      $17,496Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies cost is: