1. Gilder Corporation makes a product with the following standard costs:

	Standard Quantity or Hours		Standard Price or Rate				Standard Cost Per Unit
Direct materials	7.70	grams	$8.00	per gram			$61.60
Direct labor	0.50	hours	$26.00	per hour			$ 13.00
Variable overhead	0.50	hours	$ 6.00	per hour			$ 3.00

The company reported the following results concerning this product in June:

Originally budgeted output	4,600	units
Actual output	4,800	units
Raw materials used in production	33,820	grams
Purchases of raw materials	37,920	grams
Actual direct labor-hours	1,980	hours
Actual cost of raw materials purchases	$288,190
Actual direct labor cost	$49,757
Actual variable overhead cost	$12,484

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 price variance for June is:

2. Ortman Corporation makes a product with the following standard costs:

	Standard Quantity or Hours		Standard Price or Rate
Direct materials	7.3	liters	$8.00	per liter
Direct labor	1.7	hours	$23.00	per hour
Variable overhead	1.7	hours	$2.00	per hour

The company reported the following results concerning this product in May:

Actual output	2,300	units
Raw materials used in production	16,560	liters
Actual direct labor-hours	3,810	hours
Purchases of raw materials	18,350	liters
Actual price of raw materials purchased	$ 7.50	per liter
Actual direct labor rate	$22.40	per hour
Actual variable overhead rate	$1.70	per hour

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 variable overhead rate variance for May is:

3. Fruchter Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below:

		Hours
Move time		24.5
Wait time		2.2
Queue time		0.6
Process time		2.8
Inspection time		6.3

The throughput time was:

4. Cabal Products is a division of a major corporation. Last year the division had total sales of $13,143,500, net operating income of $661,540, and average operating assets of $4,850,000. The company's minimum required rate of return is 13%. The division's margin is closest to: