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Oakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2: Dec. Year 1 Jan. Year 2 (Actual) (Budgeted) $120,000 $280,000 $ 20,000 $50,000 Credit sales Cash Sales Feb. Year 2 (Budgeted) $310,000 $ 60,000 Mar. Year 2 (Budgeted) $220,000 $ 24,000 Based on the company's collection history, 42% of credit sales are collected in month of sale and the remainder is collected in the following month. Total budgeted cash receipts in February are expected to be: Multiple Choice O $60,000 $162.400. The Ferguson Company estimated that October sales would be 100,000 units with an average selling price of $6.00. Actual sales for October were 105,000 units and average selling price was $5.95. The sales revenue flexible budget variance was Multiple Choice $5,250 unfavorable $5,000 favorable O $5,250 favorable C) $5,000 unfavorable, Spark Company's static budget is based on a planned activity level of 45,000 units. At the same time the static budget was prepared, the management accountant prepared two additional budgets, one based on 40,000 units and one based on 50,000. The company actually produced and sold 49,000 units. In evaluating its performance, management should compare the company's actual revenues and costs to which of the following budgets? Multiple Choice A budget based on 40,000 units o A budget based on 45,000 units o A budget based on 50,000 units c) A budget based on 49,000 units