Waycross Construction Company has a pipeyard operation which is run as a cost center. They are preparing a performance report for the month of March and have provided the data below: 
Waycross uses management by exception. On which variance will Waycross focus first?
Definitions:
Collection Float
The time period between when a check is deposited into a bank account and when the amount is available for use.
Net Float
The difference between checks written and deposited in the bank not yet cleared or settled.
Ledger Balance
The total balance in a ledger account at a particular point in time, reflecting all transactions up to that moment.
Available Balance
The amount of funds in a checking or savings account that is accessible for immediate use, taking into account any pending transactions.
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