OOOO 20. Mountaintop Company's sales are 100% on account. Past history indicates that 70% of its credit sales are collected in the month of sale and 30% in the next month. Budgeted total sales are as follows: January February March April May $200,000 $300,000 $400,000 $500,000 $600,000 What would be the Cash Collections from Sales during March? A. $280,000 B. $430,000 C. $400,000 D. $370,000 E. Some other amount 21. The following relates to Mckenna Company: Actual Results 1,200 $25 $30,000 Flexible Budget 1.200 Static Budget 1.000 Units DM Cost per Unit Direct Materials S?? $??,??? $24 $24,000 As can be seen above, at the beginning of the year, McKenna Company's static budget showed that planned production was 1,000 units with $24 of direct materials per unit. Actual production turned out to be 1,200 units with a cost of $25 per unit. The flexible budget amount for materials (in total) would be: A. $24,000 B. $28,800 C. $25,000 D. $30,000 E. Some other amount 22. Watauga Company has a labor standard of two hours per unit at $8.00 per hour. If 4,400 hours were used to produce 2,000 units, the Labor Efficiency Variance would be A. $800 U B. $19,200 U C. $3,200 F D. $3,200 U E. Some other amount 23. The variable overhead spending variance is $5000 favorable. Variable overhead is allocated based on machine hours and the variable overhead rate is $4 per machine hour. If the actual number of machine hours is 35,000 and the standard number of machine hours is 30,000, how much is Actual Variable Overhead? A. $115,000 B. $125,000 C. $135,000 D. $145,000 E. Some other amount 24. Which one of the following variances applies only to Fixed Overhead? A. Efficiency variance B. Spending variance C. Flexible-budget variance D. Production-volume variance E. none of these are appropriate