I need help completing this assignment.  Please see attachment below. Please complete it on the document provided.

 ATTACHMENT PREVIEW Download attachmentDeVry UniversityACCT346 Weekly AssignmentWeek 6What are the cash collections budgeted for June?$170.6Actual direct labor hours770$13,0002a. What is the direct labor rate variance for the month? Is it favorable or unfavorable?Directions: Your assignment this week is to answer the two questions below. Please note that Question #2 has 2 parts,Part A and Part B. Please show your work for full credit and use the box provided. Please add more rows or columns tothe 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 accounts receivablescollected in the month following the sale. Cost of goods sold is 75% of sales and ending inventory ismaintained at $60,000 plus 10% of the following month’s cost of goods sold. All inventory purchasesare paid 22% in the month of purchase and 78% in the following month.2.Madden Corporation manufactures t-shirts, which is its only product. The standards for t-shirts areas follows:Standard direct laborcost per hourStandard direct laborhours per t-shirtDuring the month of January, the company produced 1,250 t-shirts. Related production data for themonth is as follows:Actual direct labor costincurred2b. What is the direct labor eFciency variance for the month? Is it favorable orunfavorable?

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"