Hello again, I have another assignment for you. Thank you!
Question
Hello again, I have another assignment for you. Thank you!
ATTACHMENT PREVIEW Download attachmentDeVry UniversityACCT346 Weekly AssignmentWeek 6What are the cash collections budgeted for June?$170.6770$13,0002a. What is the direct labor rate variance for the month? Is it favorable or unfavoraDirections: Your assignment this week is to answer the two questions below. Please note that Question #2 hasPart A and Part B. Please show your work for full credit and use the box provided. Please add more rows or cthe box if needed.1.Cave Hardware’s forecasted sales for April, May, June, and July are $200,000, $230,000$190,000, and $240,000, respectively. Sales are 65% cash and 35% credit with all accountsreceivables collected in the month following the sale. Cost of goods sold is 75% of sales andinventory is maintained at $60,000 plus 10% of the following month’s cost of goods sold. Alinventory purchases are paid 22% in the month of purchase and 78% in the following month2.Madden Corporation manufactures t-shirts, which is its only product. The standards forare as follows:Standard direct laborcost per hourStandard direct laborhours per t-shirtDuring the month of January, the company produced 1,250 t-shirts. Related production datamonth is as follows:Actual direct laborhoursActual direct labor costincurred
View the Answer2b. What is the direct labor efciency variance For the month? Is it Favorable orunFavorable?
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