Tyler Corp has the following budgeted sales for the first 4 moeths of next year rch $50,000 $145,000 $195,000 April $45,000 $130,000 $175,000 February S60,000 January $80,000 $350,000 $430,000 Cash sales Credit sales Total sales $200,000 $260,000 The Company is in the process of preparing a cash budget and must determine the expected cash collections. Accordingly, the following information has been assembled: Collections on credit sales Month of sale Month after sale 2nd month after sale 60% 30% 10% $155,000 The accounts receivable balance on January 1 is Of this amount, $132,000 represents uncollected December sales and $23,000 represents uncollected November sales 14 The total cash collected in January would be: $412,000 A. $445,000 $389,000 $346,000 E. None of the above . . D. 15 Hayes Corporation uses machine hours (MHs) as its denominator activity for fixed manufacturing overhead (FMOH). For the most recent year, the company showed the following data. 280,000 S S Actual FMO st 39,000 Favorable 11,000 Favorable 600,000 MHs FMOH Budget Variance FMOH Volume Variance Standard MHs allowed for actual output The budgeted MHs for Hayes was closest to: 621,429 MHs 573,810 MHs 628,696 MHs 580,000 MHs None of the above A. . C. D. E. Page 9 of 12