Cricket Candy Company sells Choco-Candy for $.20 each. Variable costs are $.05 per candy, while fixed costs are $75,000 per month for volumes up to 850,000 candies and $112,500 for volumes above 850,000 candies. The flexible budget would reflect monthly operating income for 800,000 candies and 900,000 candies of what dollar amounts?

Group of answer choices

$7,500 and $60,000, respectively

None of the choices are correct.

$60,000 and $45,000, respectively

$45,000 and $22,500, respectively

$22,500 and $7,500, respectively

BITCO has determined that its standard costs to produce a single unit of output is as follows:

Direct materials 6 pounds at $0.90 per pound = $5.40

Direct labor 0.5 hour at $12.00 per hour = $6.00

Manufacturing overhead 0.5 hour at $4.80 per hour = $2.40

During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400.

Based on BITCO's information, the direct materials price variance for the month was:

Group of answer choices

$1,800 unfavorable

$5,800 unfavorable

$1,800 favorable

Scully Company budgeted the following overhead costs for the current year assuming operations at 40,000 units, which is 80% of capacity (50,000 units):

Total variable overhead $240,000

Total fixed overhead 560,000

Total overhead $800,000

The standard cost per unit when operating at this same 80% capacity level is:

Direct materials (5 lbs. @ $4/lb.) $20.00

Direct labor (2 hrs. @ $8.75/hr.) 17.5

Variable overhead (2 hrs. @ $3/hr.) 6

Fixed overhead (2 hrs. @ $7/hr.) 14

Total cost per unit $57.50

The actual production achieved in the current year was 60% of capacity, or 30,000 units. The actual costs were:

Direct materials (150,350 lbs.) $616,435

Direct labor (59,800 hrs.) 520,260

Variable overhead 192,000

Fixed overhead 552,000

Calculate the following variances and indicate whether each is favorable or unfavorable.

Direct materials:

Price variance [ Select ] ["13,635", "1,400", "1,240", "16,435", "1,750", "15,035", "2,990", "8,000", "600", "12,600", "4,740"] [ Select ] ["Unfavorable", "Favorable"]

Quantity variance [ Select ] ["13,635", "1,400", "12,600", "15,035", "4,740", "600", "16,435", "1,240", "8,000", "2,990", "1,750"] [ Select ] ["Unfavorable", "Favorable"]

Total Mat. Variance [ Select ] ["16,435", "15,035", "1,240", "13,635", "1,750", "1,400", "4,740", "2,990", "600", "8,000", "12,600"] [ Select ] ["Favorable", "Unfavorable"]

Direct labor:

Rate variance [ Select ] ["600", "1,750", "1,240", "15,035", "2,990", "8,000", "4,740", "1,400", "13,635", "12,600", "16,435"] [ Select ] ["Favorable", "Unfavorable"]

Efficiency variance [ Select ] ["4,740", "1,750", "8,000", "13,635", "15,035", "12,600", "2,990", "16,435", "1,400", "600", "1,240"] [ Select ] ["Favorable", "Unfavorable"]

Total Labor Variance [ Select ] ["15,035", "1,400", "4,740", "12,600", "1,750", "8,000", "600", "16,435", "13,635", "1,240", "2,990"]