Question: please answer all 4 questions in the separate pics below Which of the following must be prepared after the sales budget but before the direct



Which of the following must be prepared after the sales budget but before the direct labor budget? Multiple Choice OL.09.08 O Production budget Selling expense budget ( Merchandise purchases budget. O Capital expenditures budget Budgeted Income statement Ravena Labs., Inc, makes a single product which has the following standards: 14 Direct materials: 2.5 ounces at $20 per ounce Direct labor: 1.4 hours at $12.50 per hour Variable manufacturing overhead: 14 hours at 3.50 per hour Variable manufacturing overhead is applied on the basis of standard direct labor-hours. The following data are available for October 8 08:51 . 3,750 units of compound were produced during the month. . There was no beginning direct materials inventory. Direct materials purchased: 12.000 ounces for $225,000 The ending direct materials inventory was 2.000 ounces. Direct labor hours actually worked: 5.800 hours at a cost of $67,200 Variable manufacturing overhead costs incurred amounted to $18,200. Variable manufacturing overhead applied to products: $18.375 The labor efficiency variance for October is: Multiple Choice $1,400 Favorable Brummer Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 0.1 hours per unit. The variable overhead rate standard is $8.00 per hour. In January the company produced 8,700 units using 810 direct labor-hours. The actual variable overhead rate was $7.80 per hour. The variable overhead rate variance for January is: points Multiple Choice The following materials standards have been established for a particular product: 16. Standard quantity per unit of output Standard price 5.3 meters $ 17.20 per meter points (8 010822 The following data pertain to operations concerning the product for the last month: Actual materials purchased and used Actual cost of materials purchased Actual output 8,400 meters $146,580 1,980 units What is the materials price variance for the month? Multiple Choice O $87250 O $3,1410
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