Merani Limited is formulating its master budget for the June quarter and presents the following data: Monthly sales data: February $33,000 March $46,000 April $39,000 May $55,000 June $64,000 Based on previous experience, these sales are expected to be collected as follows: 80% in the month of sale 15% in the month after sale 5% in the second month after sale Required Calculate, to the nearest dollar, the amount expected to be collected from customers in June. Question 53 1 pts Lokomotiv Limited reported an actual expense for cost of sales of $45,000 for the month of June. This resulted in an unfavourable variance of $3,500. Calculate the absolute value of the % variance to one decimal place.