The accounts receivable balance on January I is Of this amount, $132,000 represents uncollected December sales and $23,000 represents uncllec sales. 14 Theal cash collected in January would be: $412,000 $445,000 $389,000 $346,000 E None of the above A . C. DEC Jan Nov 2,00 D. gO,000 2 sp0 99,000 210, 000 23,000 412,000 15 Hayes Corporation uses machine hours (MHs) as its denominator activity for fixed manufacturing overhead (FMOH). Fa the most recent year, the company showed the following data. Actual FMOH cost 280,000 S FMOH Budget Variance FMOH Volume Variance 39,000 Favorable 11,000 Favorable 600,000 MHs Standard MHs allowed for actual output The budgeted MHs for Hayes was closest to: 621,429 MHs 573,810 MHs A. . C. 628,696 MHs 580,000 MHs None of the above D. E Page 9 of 12