Can you help me to solve these problems, please?

1. A product has a standard materials usage and cost of 4 pounds per unit at $7.00 per pound. During the month, 2,400 pounds of materials were purchased at $7.30 per pound. Production for the month totaled 550 units requiring 2,100 pounds of materials. Compute the materials variances.

*Required Compute the materials variances.

2. Martin Company makes plastic garbage bags. One box of bags requires one hour of direct labor at an hourly rate of $6. The company produced 200,000 boxes of bags using 208,000 hours of direct labor at a total cost of $1,144,000.

*Required Compute the labor variances

3. Writing Assignment

The chief executive officer (CEO) of Rigid Plastics Corporation remarked to a colleague, I dont understand why other companies waste so much time in the budgeting process. I set our company goals, and everyone strives to meet them. Whats wrong with that approach? In groups of two or three students, write a memorandum to your instructor stating whether you agree with this comment or not and explain why. The heading of the memorandum should contain the date, to whom it is written, from whom, and the subject matter.

4. Which of the following budgets focuses on the income statement and its supporting schedules?

Select one:

A. the sales budget

B. the cash budget

C. the capital expenditures budget

D. the operating budget

5. Diemans Corp. has provided a part of its budget for the second quarter:

	Apr	May	June
Cash collections	$40,000	$45,000	$52,000
Cash payments:
Purchases of inventory	4,500	7,200	4,500
Operating expenses	7,900	5,600	9,000
Capital expenditures	0	20,000	4,600

The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the cash balance at the end of April.

Select one:

A. $39,600

B. $40,200

C. $51,800

D. $50,000

6. Budgets provide a benchmark that motivates employees and helps managers evaluate performance.

Select one:

True

False

7. Budgeting requires managers to decide upon the course of action and then to plan for the same.

Select one:

True

False

8. The ________ details how the business expects to go from the beginning cash balance to the desired ending cash balance.

Select one:

A. cash budget

B. capital expenditures budget

C. budgeted income statement

D. cash flow statement