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1) Marigold Corp. uses flexible budgets. At normal capacity of 15,000 units, budgeted manufacturing overhead...

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Accounting

1) Marigold Corp. uses flexible budgets. At normal capacity of 15,000 units, budgeted manufacturing overhead is $120000 variable and 360000 fixed. If Marigold had actual overhead costs of $504000 for 20000 units produced, what is the difference between actual and budgeted costs?
A.16,000 F
B.40,000 F
C. 24,000 U
D. 16,000 U
2) accompanies past experience indicates that 60% of its credit sales are collected the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budget credit sales were:
JAN. $450000
FEB. $306000
MAR. $630000
A. 429300
B. 469800
C. 378000
D. 492300

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