1. Dana, Inc. recently completed 40,000 units of a product that was expected to consume 6 pounds of direct material per finished unit. The standard price of the direct material was $7.50 per pound. If the firm purchased and consumed 246,000 pounds in manufacturing (cost = $1,785,600), the direct-material quantity variance would be

$59,400F.

$59,400U.

$45,000F.

None of these.

$45,000U.

2. Orion recently reported sales revenues of $747,000, a total contribution margin of $279,000, and fixed costs of $210,000. If sales volume amounted to 9,000 units, the company's variable cost per unit must have been:

$34.

$94.

an amount other than those above.

$14.

$52.

3. Yellow Dot, Inc. sells a single product for $15. Variable costs are $5 per unit and fixed costs total $130,000 at a volume level of 7,500 units. What dollar sales level would Yellow Dot have to achieve to earn a target profit of $220,000?

$525,000.

$325,000.

$425,000.

$112,500.

$625,000.

4. The following data relate to product no. 89 of Des Moines Corporation: Direct material standard: 3 square feet at $2.90 per square foot Direct material purchased: 29,000 square feet at $3.20 per square foot Direct material consumed: 28,000 square feet Manufacturing activity: 9,200 units completed Assume that the company computes variances at the earliest point in time.

The direct-material quantity variance is:

$1,160U.

$4,360F.

$1,160F.

$1,280U.

$1,280F.

The direct-material price variance is:

$8,900F.

$8,900U.

$8,500U.

$8,700U.

$8,700F.