1. A company's flexible budget for the range of 26,000 units to 40,000 units of production showed variable overhead costs of $3.80 per unit and fixed overhead costs of $69,000. The company incurred total overhead costs of $169,400 while operating at a volume of 40,000 units. The total controllable cost variance is:

2. Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials price variance is:

Direct materials standard (7 kg. @ $2.35/kg.)	$16.45	per finished unit
Actual cost of materials purchased	$392,150
Actual direct materials purchased and used	157,000	kgs.

3. Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound to produce 2,000 units. What is the direct materials price variance?

4. A company provided the following direct materials cost information. Compute the total direct materials cost variance.

Standard costs assigned:
Direct materials standard cost (405,000 units @ $2.00/unit)	$	810,000
Actual costs:
Direct Materials costs incurred (403,750 units @ $2.20/unit)	$	888,250

5. Cavern Company's output for the current period results in a $5,700 unfavorable direct material price variance. The actual price per pound is $60.50 and the standard price per pound is $57.50. How many pounds of material are used in the current period?

6. Based on a predicted level of production and sales of 33,000 units, a company anticipates total contribution margin of $102,300, fixed costs of $66,000, and operating income of $36,300. Based on this information, the budgeted operating income for 30,000 units would be:

7.The following company information is available. The direct materials quantity variance is:

Direct materials used for production	38,000 gallons
Standard quantity for units produced	36,100 gallons
Standard cost per gallon of direct material	$11.00
Actual cost per gallon of direct material	$11.30

8.Use the following data to find the direct labor rate variance if the company produced 3,500 units during the period

Direct labor standard (4 hrs. @ $6.95/hr.)	$	27.80	per unit
Actual hours worked		12,100
Actual rate per hour	$	7.40