(6) Woodpecker Co. has $290,000 in accounts receivable on January 1. Budgeted sales for January are $962,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. The January cash collections from sales are

a.$847,680

b.$1,059,600

c.$635,760

d.$1,349,600

(12) Consider Derek's budget information: materials to be used totals $65,600; direct labor totals $201,300; factory overhead totals $398,800; work in process inventory January 1 is $185,500; and work in progress inventory on December 31 is $198,000. The budgeted cost of goods manufactured for the year is

a.$653,200

b.$851,200

c.$665,700

d.$198,000

(13) The following data relate to direct labor costs for February:

Actual costs	7,700 hours at $14.00
Standard costs	7,000 hours at $16.00

The direct labor rate variance is

a.$14,000 favorable

b.$15,400 favorable

c.$14,000 unfavorable

d.$15,400 unfavorable

(16) Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material at $5.30 and standard costs for 4,420 pounds of material at $6.00 per pound.

The direct materials quantity variance is

a.$3,269 favorable

b.$1,500 favorable

c.$3,269 unfavorable

d.$1,500 unfavorable