Sugar Pine Inc. collects 30% of its sales in the month of sale and the other 70% in the following month. The following shows budgeted sales for January through March. January $250,000 February $325,000 March $387,500 What is the amount of cash receipts budgeted for February? 0 $97,500 0 $302,500 0 $272,500 0 $271,250 Which of the following is most likely to cause an unfavorable direct materials quantity variance? O Low quality materials caused an increase in waste of materials. New production techniques reduced the waste of materials. O High quality materials caused a reduction in waste of materials. O The purchase and use of more efficient production equipment.Time k Attempt Which of the following would most likely be the reason for a favorable direct labor efficiency variance? 1 Hour O The company used higher skilled workers than they anticipated. O The company used a standard direct labor rate that was too high. O The company used lower skilled workers than they anticipated. O Employees used less direct materials in the production process than was anticipated.Benny's Bakery produces bagels for resale at local grocery stores. The master budget indicates that the company expects to use 2.5 pounds of direct 1 Hour, 12 Minu materials for each unit produced at a cost of $10.00 per pound (one unit = one batch of bagels). Each unit produced will require 0.30 direct labor hours at a cost of $24.00 per hour. Variable manufacturing overhead is applied based on direct labor hours at a rate of $4.80 per hour. Last year's sales were expected to total 40,000 units. Benny just received last year's actual results showing sales of 35,000 units. What amount would the flexible budget show for direct materials? O $1,000,000 O $350,000 O $875,000 O $140,000