1.

Budgeted variable overhead for the year is $150,000. Expected activity is 30,000 standard direct labor hours. The actual hours worked were 15,000 and the standard hours allowed for actual production were 18,000. The variable overhead efficiency variance is:

Group of answer choices

$18,000 F.

None of these

$15,000 F.

$14,600 F.

$30,000 F.

.

2.

A favorable cost variance occurs when

Group of answer choices

standard costs are less than actual costs

actual costs are more than standard costs

standard costs are more than actual costs

actual costs are the same as standard costs

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3.

Alpha Company makes all its sales on account. Accounts receivable payment experience is as follows:

Percent paid in the month of sale	35%
Percent paid in the month after the sale	54%
Percent paid in the second month after the sale	6%

Alpha provided information on sales as follows:

May	$150,000
June	$125,000
July	$136,000
August (expected)	$142,000

How much of June's credit sales is expected to be collected in the month of July?

Group of answer choices

$60,000

$80,000

$36,000

$67,500

$30,000