Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: . Sales are budgeted at $360,000 for November, $340,000 for December, and $330,000 for January Collections are expected to be 50% in the month of sale and 50% in the month following the sale. The cost of goods sold is 85% of sales, The company would like to maintain ending merchandise inventories equal to 75% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $24,200. Monthly depreciation is $15,200. Ignore taxes . . Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $572,200 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders equity $ 20,200 70,200 229,500 1,094,200 $ 1,414,100 $ 254,200 820,200 339, 700 $ 1,414, 100 Total liabilities and stockholders' equity $ 1,414,100 The difference between cash receipts and cash disbursements for December would be: Multiple Choice $20.675 $77,600 $32,550 $24.413 Lencl Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 5,280 units, but its actual level of activity was 5,230 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses Fixed element per month $0 $0 0 43,300 24,500 $ 67,800 Variable element per unit $ 41.40 $ 7.30 17.50 3.10 2.00 $29.90 Actual results for May Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $ 199,610 $ 30,365 $ 82,065 $ 58, 605 $ 24,480 The spending variance for manufacturing overhead in May would be closest to