Question 7 Enter a favorable variance as a positive number. Enter an unfavorable variance with a minus sign. ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DESCRIPTIONS. The following data have been provided by Your Corporation: Standard MH per motor 8.6 MH Standard $ for power $1.40 per MH Budgeted MH (total) 62,000 MH Actual MH (total) 62,140 MH $84,989 Actual power cost What is the variable overhead spending variance for power? 1 pts Question 8 1 pts ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DESCRIPTIONS. Use the following are budgeted data for Your Company, a merchandising company, to determine how many units need to be purchased in January: Budgeted Sales (at retail-what you sell for) January... $300,000 February.. $340,000 March................ $400,000 April............ $350,000 Cost of goods sold as a percentage of sales is 60%. The desired ending inventory is 75% of next month's sales. HINT: This is just a production budget tweaked to be calculated in dollars instead of units. ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DESCRIPTIONS. Thirty percent of Your Company's sales are for cash and 70% are on account. Sixty percent of the account sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data for the company: Total sales. January February March April $50,000 $60,000 $40,000 $30,000 What are expected total cash receipts for April?