16. The revenue variance for January would be closest to: A. $750 U B. $40 U C. $40 F D. $750 F The spending variance for expendables in January would be closest to: A. $1,040 F B. $1,306 F C. $1,040 U D. $1,306 U 18. Parlee Company's sales are 30% in cash and 70% on credit 60 % of the credit sales are collected in the month of sale, 25% in the month following sale, and 12%, in the second month following sale. The remainder are uncollectible. The following are budgeted sales data: January February March April Total cash receipts in April would be budgeted to be: A. $38,900 B. $47,900 C. $27,230 D. $36,230 wage rate is $10.95 per hour. Employment taxes are 9% of the basic wage rate. Fringe benefits are $4.00 per direct labor-hour. The standard rate per direct labor-hour should be: 19. Daughdrill Corporation is developing direct labor standards. The basic direct labor A. $5.96 B. $4.99 C. $10.95 D. $15.94 20. Crose Inc. is working on its cash budget for November. The budgeted beginning cash balance is $22,000. Budgeted cash receipts total $118,000 and budgeted cash disbursements total S116,000. The desired ending cash balance is $40,000. The excess (deficiency) of cash available over disbursements for November will be A. $2,000 B. $20,000 C. $24,000 D. $140,000