Cave Hardware's forecasted sales for April, May, June, and July are $200,000, $230,000, $190,000, and $240,000, respectively. Sales are 65% cash and 35% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 75% of sales and ending inventory is maintained at $60,000 plus 10% of the following month's cost of goods sold. All inventory purchases are paid 22% in the month of purchase and 78% in the following month. What are the cash collections budgeted for June? Madden Corporation manufactures t-shirts, which is its only product. The standards for t-shirts are as follows: During the month of January, the company produced 1, 250 t-shirts. Related production data for the month is as follows: What is the direct labor rate variance for the month? Is it favorable or unfavorable? What is the direct labor efficiency variance for the month? Is it favorable or unfavorable