Month Sales Purchases January $60,000 $32,000 February $80,000 $40,000 March $100,000 $56,000 Cash is collected from customers in the following manner: - Month of sale 30% - Month following the sale 70% 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labour costs are 20% of sales. Other operating costs are $30,000 per month (including $8,000 of depreciation). Both of these are paid in the month incurred. The cash balance on March 1 is $8,000. A minimum cash balance of $6,000 is required at the end of the month. Money can be borrowed in multiples of $1,000. What is the ending cash balance for March after borrowing, if required? A. $6,400 B. $6,600 O C. $5,600 OD. $6,000 SuperOffice Company expects its November sales to be 20% higher than its October sales of $180,000. Purchases were $110,000 in October and are expected to be $160,000 in November. All sales are on credit and are collected as follows: 30% in the month of the sale and 60% in the following month. Purchases are paid 40% in the month of purchase and 60% in the following month. The cash balance on November 1 is $13,500. The cash balance on November 30 will be O A. $56,300. OB. $42,800. C. $29,300. OD. $2,300 Standard quantity per jewelry box (grams) Standard price per gram of rhinestones The following data relates to the production of the jewelry boxes during June: 4.0 $2.50 Actual rhinestones purchased and used (grams) Actual cost of rhinestones purchased Actual number of jewelry boxes produced What is the materials price variance for rhinestones in June? 1,200 $2,350 450 A. $3,000 unfavourable OB. $3,000 favourable O C. $650 unfavourable D. $650 favourable