The following materials standards have been established for a particular product: Standard quantity per unit of output 4.4 pounds Standard price $13.20per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased 4,800 pounds Actual cost of materials purchased $62,880 Actual materials used in production 4,300 pounds Actual output 700 units The direct materials purchases variance is computed when the materials are purchased. What is the materials price variance for the month? $ January February March April May June Cash Sales $ 50,000 $ 55,000 $ 51,000 $ 46,000 $ 56,000 $ 80,000 Credit Sales 150,000 170,000 130,000 131,000 200,000 250,000 $ $ $ The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on sales: 50% in month of sale 30% in month following sale 20% in second month following sale The accounts receivable balance on January 1 of the current year was $81,000, of which $50,000 represents uncollected December sales and $31,000 represents uncollected November sales. What is the budgeted accounts receivable balance on May 31? $100,000 $221,400 $95.200 5126 200