PART 1

Woodpecker Co. has $301,000 in accounts receivable on January 1. Budgeted sales for January are $880,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. The January cash collections from sales are

a.$1,306,000

b.$603,000

c.$804,000

d.$1,005,000

PART 2

Woodpecker Co. produced 2,500 units of a product that required 3.3 standard hours per unit. The standard fixed overhead cost per unit is $1.70 per hour at 8,400 hours, which is 100% of normal capacity.

Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number. Round your answer to the nearest dollar Answer must be a dollar amount and either favorable or unfavorable.