Grant Co. uses the following standard to produce a single unit of its product: Variable overhead (2.90 hrs. per unit @ $4.00/hr.) Actual data for the month show total variable overhead costs of $377,800, and 32,000 units produced. The total variable overhead variance is:

Multiple Choice: $6,600F $6,600U $114,690U $114,690F $0

Ratchet Manufacturing anticipates total sales for August, September, and October of $400,000, $310,000, and $320,500 respectively. Cash sales are normally 25% of total sales and the remaining sales are on credit. All credit sales are collected in the first month after the sale. Compute the amount of cash received for September.

Multiple Choice $300,00 $377,500 $232,400 $177,500 $532,500