8. For March, sales revenue is $800,000; sales commissions are 4% of sales; the sales manager's salary is $80,000; advertising expenses are $75,000; shipping expenses total 1% of sales; and miscellaneous selling expenses are $2,100 plus 3/4 of 1% of sales. Total selling expenses for the month of March are: (Points: 3) $203,100 $187,550 $194,100 $192,100 9. If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 200 units, and the beginning inventory is 300 units, the number of units set forth in the production budget, representing total production for the current period, is: (Points: 3) 7,000 6,900 7,100 7,200 10. Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $240,000, $300,000, and $420,000, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month. The cash collections in September from accounts receivable are: (Points: 3) $240,000 $134,400 $192,000 $168,000 11. As of January 1, the Joyner Company had an account receivable of $50,000. The sales for January, February, and March were as follows: $120,000, $140,000 and $150,000. 20% of each months sales are for cash. Of the remaining 80% (the credit sales), 60% are collected in the month of sale, with remaining 40% collected in the following month. What is the total cash collected (both from accounts receivable and for cash sales) in the month of January? (Points: 3) $74,000 $110,000 $71,600 $131,600 12. The following data relate to direct materials costs for November: Actual costs 4,600 pounds at $5.50 Standard costs 4,500 pounds at $6.00 What is the direct materials quantity variance? (Points: 3) $550 unfavorable $600 favorable $550 favorable $600 unfavorable 13. Favorable volume variances may be harmful when: (Points: 3) machine repairs cause work stoppages supervisors fail to maintain an even flow of work production in excess of normal capacity cannot be sold there are insufficient sales orders to keep the factory operating at normal capacity