US company Mary?s Fine Fashions manufactures and sell various types of women?s clothing. At the end of 2008, Mary had estimated for the production and sale of 25 000 short-sleeve shirts.

Each shirt has a standard calling for 2.5 yards of direct material at a standard cost of $1.25 per yard and 12 minutes of direct labour time at a standard cost of $.20 per minute. During 2009, the company actually produced and sold 23 000 shirts.

These 23 000 shirts had an actual direct materials cost of $77 142 (59 340 yards at $1.30 per yard) and an actual direct labour cost of $63 250 (253 000 minutes at $.25 per minute).

Each shirt sells for $20.

What is Mary?s flexible budget variance?

US-based Rogers Rods & Reels Ltd. manufactures and sells various types of fishing equipment. At the end of 2008, Rogers had estimated for the production and sale of 15 000 bass fishing rods.

Each rod has a standard calling for 1.5 pounds of direct material at a standard cost of $8.00 per pound and 15 minutes of direct labour time at a standard cost of $.18 per minute.

During 2009, Rogers actually produced and sold 16 000 rods. These 16 000 rods had an actual direct materials cost of $179 200 (25 600 pounds at $7.00 per pound) and an actual direct labour cost of $44 800 (224 000 minutes at $.20 per minute).

Each rod sells for $50.

What is Rogers? flexible budget variance?

US-based Chil? Products Ltd. bottles and sells hot pepper sauce. In 2009, the company had expected to sell 60 000 bottles but actually bottled and sold 70 000 bottles.

The standard direct materials cost for each bottle is $.28 comprised of .80 ounces at a cost of $.35 per ounce.

During 2009, 68 000 ounces of material were purchased out of which 55 000 ounces were used at a cost of $.32 per ounce.

The direct materials usage variance for 2009 was:

Martin Corp. had an unfavorable sales price variance of $4800 for 2009. Martin had budgeted for sales of 10 000 units at a sales price of $5 each. Actual sales in 2009 totaled 12 000 units.

What was the actual sales price per unit?

$14 475 F $28 950 U $42 267 F $13 317 U $11 200 F $11 200 U $ 3500 F $ 3500 U $350 F LA LA $350 U FLU $4200 F $4200 U $5.40 $4.60 $4.52 $5.48