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Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 16,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials Direct labor $19,200 8,000 Total $27,200 The standard materials price is $0.4 per pound. The standard direct labor rate is $10 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials Actual direct labor $17,600 7,300 $24,900 Total There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June, Bezco Toy Company actually produced 14,200 units during June. Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places, if required. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct materials quantity variance Unfavorable Direct labor time variance Unfavorable OlliceMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 25% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remaining 80% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October $122,000 November 153,000 December 223,000 The Accounts Receivable balance on September 30 was $82,000 Prepare a schedule of cash collections from sales for October, November, and December, Round all calculations to the nearest whole dollar OfficeMart Inc. Schedule of Cash Collections from Sales For the Three Months Ending December 31 October November December Receipts from cash Cash sales September sales on account: Collected in October October sales on account: Collected in October Collected in November November sales on account: Collected in November Collected in December December sales on account: Collected in December 000 Total cash receipts