PLEASE ANSWER ALL OF THE QUESTION

5. 1 point 5. The following labor standards have been established for a particular product: Standard labor-hours per unit of output.... 2.2 hours Standard labor rate.... ... $13.75 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked...... 4,400 hours Actual total labor cost..... $60,940 Actual output.......... 2,200 units What is the labour rate variance for the month? 1 point 6. Material quantity variance is used to evaluate the performance of the purchasing manager True O False 7. 1 point 7. The following related to standards for variable manufacturing overhead Standard hours per unit of output ....... 7.2 hours Standard variable overhead rate.......$21.50 per hour The following information relates to current month's operation. Actual hours......... 9,100 hours Actual total variable MOH cost ...... $137,250 Actual output.............1,300 output What is the variable MOH efficiency variance for the month? $5590 F $5590 U $195495 U $195495 F $58240 F $58240 V 8.ABC company can take loan of maximum $15,000 each month from it's 1 point bank. In the current month of September, total budgeted cash the company will collect from it's customer is $12,200. ABC company estimates that it will buy RM worth $3,500, pay it's direct labours a total salary of $5,000 and MOH and selling $ admin cost of $2,000 will also have to be paid for. If ABC Company plans to maintain a minimum cash balance of $3,000 for the month of October, how much loan the company should take in the month of September? Assume a beginning cash balance of $3,100 for the month of September $6200 $3000 $10,500 $4800 The company will not have to take any loan. Insufficient information provided