1. Based on predicted production of 15,000 units, a company anticipates 7,500 of fixed costs and $17,250 of variable costs. The flexible budget amounts of fixed and variable costs for 9,000 units are: A. 4500 fixed and 10350 variable. B. 10150 fixed and 4500 variable. C. 4500 fixed and 17250 variable. D. 7500 fixed and 17250 variable. E. 7,500 fixed and 10,350 variable.

2. A company's flexible budget for 16,200 units of production showed sales, $87,480; variable costs, $46,980; and fixed costs, $44,000. The operating income expected if the company produces and sells 66,400 units is: A. 358,560 B. 271,080 C. 192,560 D. 122,000 E. 295,380

3. Kermit Enterprises has collected the following data on one of its products:

Direct materials standard (3 lbs.@ $0.75/b.)	$2.25 per finished unit
Total direct materials cost variance favorable	$8,550
Actual direct materials used	190,950 lbs
Actual finished units produced	33,500 units

The direct materials quantity variance is:

A 42,050 favorable. B. 78,131 favorable C. 86,681 favorable. D. 86,681 unfavorable. E. 42,050 unfavorable.

4. Five Rings, Inc, has collected the following data on one of its products:

Direct materials standard (3 lbs.@ $ .75/b.)	$2.25per finished unit
Total direct materials cost variance unfavorable	$12,700
Actual direct materials used	240,000 lbs
Actual finished units produced	48,000 units

The direct materials price variance is:

A. 136,800 favorable. B. 132,000 unfavorable C. 12,700 unfavorable. D. 59,300 favorable. E. 35,300 unfavorable