D Question 1 11 pts Your Company's sales are 60% in cash and the rest on credit. Fifty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 20% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data: Total sales January February March April $60,000 $70,000 $50,000 $30,000 What are the total cash receipts in the March budget? $34,600 $16,600 $21,800 $53,500 $51,800 Next 13 his ratio are v tom/y Question 2 11 pts Your Company's cost formula for its wages and salaries is $2,500 per month plus $475 per unit sold. For the month of May, the company planned for activity of 120 units, but the actual level of activity was 115 units. The actual wages and salaries for the month was $56,850. What is the spending variance for wages and salaries in May? O $ 275 U O $2,650 U O $ 275 F O $2,650 F Previous