1) Marigold Corp. uses flexible budgets. At normal capacity of 15,000 units, budgeted manufacturing overhead is $120000 variable and 360000 fixed. If Marigold had actual overhead costs of $504000 for 20000 units produced, what is the difference between actual and budgeted costs?

A.16,000 F

B.40,000 F

C. 24,000 U

D. 16,000 U

2) accompanies past experience indicates that 60% of its credit sales are collected the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budget credit sales were:

JAN. $450000

FEB. $306000

MAR. $630000

A. 429300

B. 469800

C. 378000

D. 492300