D Question 35 6 pts The actual information pertains to the month of September. As a part of the budgeting process, Twilith Fencing Company developed the following master budget for September. Twilith is in the process of preparing the flexible budget and understanding the results. Actual Flexible Master Results Budget Budget Sales volume (in units) 12.000 15,000 Sales revenues $600,000 $ $750,000 Variable costs 307.200 $ 360,000 Contribution margin 292,800 $ 390,000 274,800 $ 270,000 Fixed costs Operating profit $ 18,000 $_$ 120,000 The spending variance for operating income is: Actual Kibie Master Budget Results Budget Sales volume (ib units) 12.000 15.000 Sales revenues $600,000 $ $750,000 Variable costs 307.200 $ 360.000 Contribution margin 292,800 $ 390,000 Fixed costs 274,800 $ 270.000 Operating profit $ 18,000 $ $ 120.000 The spending variance for operating income is: O $102,000 unfavorable $24,000 unfavorable O $42,000 unfavorable $19,200 unfavorable D Question 34 6 pts Feeney Furniture prepared the following sales budget: Month Cash Sales Credit Sales March $20,000 $10,000 April $36,000 $16,000 May $42.000 $40,000 June $54,000 $48,000 Credit collections are 15% two months following the sale, 50% in the month following the sale and 30% in the month of sale. The remaining 5% is expected to be uncollectible. What are the total cash collections in May? $75,600 O $63,500 $65,900