ABC Company's collection patterns indicate 75% of the month's sales will be collected in the month of the sale, 20% in the following month, and 2% two months after the sale.

Sales forecasts are $250,000 in January, $325,000 in February, and $285,000 in March.

1. Calculate the cash receipts expected for the month of March.

6. Samuel, Inc. produces tricycles.Overhead is applied on the basis of machine hours required.A predetermined overhead rate of $18.50 per machine hour is established for 2020.

a.If 12,000 machine hours were expected to be used during 2020, how much overhead was expected to be incurred?

b.Actual overhead incurred during 2020 totaled $229,400, and 12,200 machine hours were actually used in 2020.Calculate the amount of over/under-applied overhead for 2020.