1. Jones Corp produces a product that requires 8 pounds of material at $1.50 per pound. Jones produced 10,000 units of this product during 2015 resulting in a $30,000 unfavorable materials quantity variance. How many pounds of direct material did Jones use during 2015?

2. A favorable variance

a. implies a positive result if standards are flexible

b. implies a positive result if quality control standards are met

c. means that standards are too loosely specified

d. is an indication that the company is not operating in an optimal manner