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A company's history indicates that 20% of its sales are for cash and the rest are on Credit Collections on credit sales are 20% in
A company's history indicates that 20% of its sales are for cash and the rest are on Credit Collections on credit sales are 20% in the month of the sale, 60% in the next month, and 15% the following month. Projected sales for January, February, and March are $66,000, $91,000 and $101,000, respectively. The March expected cash receipts from all current and prior credit sales is: Multiple Choice o $72,810 o. o o S84700 o S15,200 a row 27 nove The difference between the actual cost incurred and the standard cost is called the Multiple Choice O Flexible variance Price variance. Cost variance 0. 00 Controllable variance Volume variance
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