Bruno Industries expects credit sales for January, February, and March to be $200,000, $260,000, and $300,000, respectively. It is expected that 55% of the sales will be collected in the month of sale, 35% will be collected in the following month, and 10% will be collected in the second month after the sales. How much will the closing balance of Accounts Receivable at the end of March be?

3. In the beginning of the period, XYZ Ltd. expects to sell 15,000 units for $10 each. Its standard cost card shows the total cost of production per unit is $8. At the end of the period, the company reported actual sales revenue at $120,000 for 16,000 units sold. What was the sale price variance?