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5- 2- Crew Clothing (CC) sells women's resort casual clothing to high-end department stores and in its own retail boutiques. CC expects sales for January,
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Crew Clothing (CC) sells women's resort casual clothing to high-end department stores and in its own retail boutiques. CC expects sales for January, February, and March to be $410,000, $470,000, and $490,000, respectively. Twenty percent of CC's sales are cash, with the remainder collected evenly over two months. During December, CC's total sales were $720,000, CC is beginning its budget process and has asked for your help in preparing the cash budget Compute CC's expected cash receipts from customers for each month. January Fobruary March Budgeted cash receipts For each of the following independent cases, fill in the missing amounts in the table: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Case Direct Labor Rato Variance Direct Labor Efficiency Direct Labor Spending Variance Variance A $ 2,700 F B $ $ $ 1,500U 1,250 F 1,750 F $ $ 2,000 U 3,300 F 4,000 U 2,700U D $ $ 1,250 U 1,850 F E $ $ F $ 1,400 U $ 1,900 U
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