Budgeted sales in Acer Corporation over the next four months…

Budgeted sales in Acer Corporation over the next four months are given below:   September October November December Budgeted sales $120,000 $140,000 $180,000 $160,000   Thirty percent of the company’s sales are for cash and 70% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month’s credit sales are collected in the month of sale, 30% are collected in the month following sale, and 20% are collected in the second month following sale. Given these data, cash collections for December should be (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):

Zanny Electronics Corporation uses a standard cost system fo…

Zanny Electronics Corporation uses a standard cost system for the production of its water ski radios. The direct labor standard for each radio is 0.9 hours. The standard direct labor cost per hour is $7.20. During the month of August, Zanny’s water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708. This resulted in production of 6,900 water ski radios for August. What is Zanny’s labor rate variance for August? PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR.