QUESTION 8 Incorrect Mark 0.00 out of 1.00 F Rlag question Edit question Black Horse Transportation's sales budget for the first quarter follows January February March $125,000 300,000 290,000 All sales are on account (credit) with 50% collected in the month of sale, 30% collected in the following month after sale, and 20% collected in the second month after sale. There are no uncollectable accounts. The March cash receipts are: Select one: O A. $250.500 O B. $260,000 C.$102.500x D. $172,500 QUESTION 9 Incorrect Mark 0.00 out of 1.00 P Flag question Edit question Which of the following pairs of terms do not match? Select one: O A. Life-cycle budgeting, input/output approach O B. Budgetary slack, "padding the budget" 0 C Continuous budgeting perpetual budgeting D. Participation budget, bottom-up approach x QUESTION 11 Mark 0.00 out of 1.00 P, Flag q D Edit question Incorrect The management of Lorraine Enterprises is analyzing fixed manufacturing overhead variances for the fiscal period just ended.It notices that the total fixed manufacturing overhead variance was $360,000 Unfavorable and that the fixed overhead budget variance was $140,000 Favorable. However, Lorraine's accountants had failed to calculate the fixed overhead volume variance. The standard fixed overhead rate was $20 per machine hour and Lorraine had allowed for 18,000 machine hours What is the amount of Lorraine's budgeted cost for fixed manufacturing overhead? Select one: O A. $180,000 O B. $430,000 O C.$ O D. $860,000 C. $340,000 X QUESTION 15 Mark 0.00 out of 1.00 Flag question *Edit question Incorrect Jacksonville uses a standard cost system for each of its refineries. For the Louisiana refinery, the monthly fixed overhead budget is $8,000 for a planned output of 5,000 barrels. For September, the actual fixed cost was $8,750 for 5,100 barrels The fixed overhead budget variance is: Select one: OA. $1,500 F xx O B. $ 750 u C. $ 875 F D. $ 800 U O