Hints to working out these problems: Figure out AC, SC, AQ and SQ first for both direct materials and labor. Show your calculations if needed. The numbers should be similar. Direct Materials Labor Actual Cost Standard Cost Actual Quantity Standard Quantity Then, place the numbers into the formula. Remember if the left number is lower than the right number, the variance is Favorable. Net your cost and efficiency variances to determine total variance. Formula: AC X SC SC X AQ SC XSQ Harris Company wanted to prepare a monthly sales budget for the second calendar quarter of 2018. Average sales revenue per unit throughout the quarter would be $30 per unit. Accounts Receivable on March 31 would be $9000. Expected sales in units for each month are as follows: April 1400 units; May 1100 units: June 1500 units. All sales are on credit and (somewhat unrealistically) all sales will be collected -75% in month of sale and 25% in month after sale. [a] Complete the sales budget (use good format - see book) with schedule of cash collections below. Show all calculations. Harris Sales Budget, Second Calendar Quarter, 2018 April May June Sales in Units X Average Price $30/u $30/u $30/u Sales Revenue Harris Cash Collections Schedule (use good format - see book), Second Calendar Quarter, 2018. Show all calculations. Collected from April May June Accounts Receivable April Sales May Sales June Sales Total Collections for Month [b] What will be the balance in Accounts Receivable at the end of June 30, 2018