Multiple Choice Question 84 A total materials variance is analyzed in terms of Oquantity and quality variances. O tight and loose variances. O price and quantity variances. buy and sell variances Multiple Choice Question 81 Concord Corporation planned to use 1 yard of plastic per unit budgeted at $91 a yard. However, the plastic actually cost $90 per yard. The company actually made 4600 units, although it had planned to make only 3800 units. Total yards used for production were 4660. How much is the total materials variance? $800 U $72800 U O $7280 U O $4660 F Multiple Choice Question 86 The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 11600 gallons of direct materials that actually cost $42920 were used to produce 7000 units of product. The direct materials quantity variance for last month was $9600 favorable $5800 unfavorable. $9600 unfavorable $7200 favorable. Multiple Choice Question 85 A company developed the following per-unit standards for its product: 2 pounds of direct materials at $6 per pound. Last month, 2000 pounds of direct materials were purchased for $7600. The direct materials price variance for last month was $7600 favorable. $4400 favorable $4400 unfavorable. $2200 favorable Multiple Choice Question 78 Waterway's standard quantities for 1 unit of product include 5 pounds of materials and 2.5 labor hours. The standard rates are $5 per pound and $11 per hour The standard overhead rate is $12 per direct labor hour. The total standard cost of Waterway's product is O $82.50 O $57.50 $28.00 $52.50 Multiple Choice Question 75 For June, Bramble Corp. estimated sales revenue at $500000. It pays sales commissions that are 4% of sales. The sales manager's salary is $235000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $10000. How much are budgeted selling expenses for the month of July if sales are expected to be $440000? O $32000 O $267000 O $270000 O $22000 Multiple Choice Question 74 Sheffield Corp. prepared a fixed budget of 80000 direct labor hours, with estimated overhead costs of $400000 for variable overhead and $90000 for fixed overhead. Sheffield then prepared a flexible budget at 74000 labor hours. How much is total overhead costs at this level of activity? $460000 $453250 $490000 $370000o