QUESTION 23 Item to Classify Standard Actual Sales volume 100,000 units 96,000 units Sales price $ 4 per unit $ 3.90 per unit Material usage 40,000 gallons 42,000 gallons Labor price 12.50 per hour 12.45 per hour Which of the following statements is incorrect? A. The sales volume variance is unfavorable. B. The materials usage variance is unfavorable. C. The sales price variance is favorable. D. The labor price variance is favorable. QUESTION 24 Zen Company has completed its sales budget for the rst quarter of Year 2. Projected credit sales for the rst four months of the year are shown below: January $ 30,000 February $ 36,000 March $ 45,000 April 5 48,000 The company's past records show collection of credit sales as follows: 40% in the month of sale and the balance in the following month. The total cash collection from receivables in March is expected to be: A. $18,000. B. $45,000. 0. $41,400. D. $39,600