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Handerson Corporation makes a product with the following standard costs: The company reported the following results concerning this product in August. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for August is: Multiple Choice $10,980F $11,346 U $10,980 U $11,346F Assume the following: - The standard price per pound is $2.00. - The standard quantity of pounds allowed per unit of finished goods is 4 pounds. - The actual quantity of materials purchased and used in production is 50,000 pounds. - The materials price variance is $5,500U. - The company produced 13,000 units of finished goods during the period. The actual price per pound of direct materials is closest to: Multiple Choice $1.61. $2.11. $1.71. $2.01. Bacot Products, Incorporated, has a Valve Division that manufactures and sells a number of products, Including a standard valve that could be used by another division in the company, the Pump Division, in one of Its products. Data concerning that valve appear below: The Pump Division is currently purchasing 8,000 of these valves per year from an overseas supplier at a cost of $47 per valve. Assume that the Valve Division is selling all of the valves it can produce to outside customers. What shoulc be the minimum acceptable transfer price for the valves from the standpoint of the Valve Division? Multiple Cholce $47 per unit $28 per unlt $45 per unit $53 per unit