10. All of Rogus Corporations 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 date for the company: April January $50,000 February $60,000 Total Sales March $40,000 $30,000 What is the amount of cash that should be collected in March? A) $51,000 B) $24,000 C) $41,000 D) $37,000 11. Liberty Manufacturing, Inc. plans to sell 23,000 units during August. If the company has 8,000 units on hands at the start of the month, and plans to have 9,000 units on hand at the end of the month, how many units must be produced during the month? A) 32,000 B) 24,000 C) 22,000 D) 31,000 12. Bulluck Corporation makes a product with the following standard costs: Direct Materials Direct Labor Variable Overhead Standard Quantity or Hours 3.5 grams 0.7 hours 0.7 hours Standard Price or Rate $ 1.00 per gram $11.00 per hour $ 2.00 per hour The company reported the following results concerning this product in July Actual Output Raw Materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials purchased Actual direct labor rate Actual variable overhead rate 3,000 Units 11,370 grams 1,910 hours 12,100 grams $1.20 per gram $11.40 per hour $2.100 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The Material Quantity Variance for July is: A) $1,044 F B) $870 F C) $1,044 U D) $870 U