1.) Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. Thestandard costsfor a batch of chocolate (1,564 bars) are as follows:

Ingredient Quantity Price

Cocoa 570 lbs.$0.40 per lb.

Sugar 180 lbs.$0.60 per lb.

Milk 150 gal. $1.20 per gal.

Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.

$per bar

2.) Sana Rosa Furniture Company manufactures designer home furniture. Sana Rosa uses astandard costsystem. The direct labor, direct materials, and factory overheadstandardsfor an unfinished dining room table are as follows:

Direct labor:standard rate$25.00 per hr.standard time per unit 2.50 hrs.Direct materials (oak):standard price$8.00 per bd. ft.standard quantity 20 bd. ft.Variable factory overhead:standard rate$3.20 per direct labor hr.Fixed factory overhead:standard rate$0.80 per direct labor hr.

a.Determine the standard cost per dining room table. If required, round your answer to two decimal places.

$per dining room table

b.Astandard cost systemprovides Rosa Furniture management a cost control tool using the principle of

. Using this principle,

cost deviations from standards can be investigated and corrected.

3.) At the beginning of June, Kimber Toy Company budgeted 11,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows:

Direct materials$19,250 Direct labor 6,600 Total$25,850

The standard materials price is $0.70 per pound. The standard direct labor rate is $10.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows:

Actual direct materials$18,000 Actual direct labor 6,200 Total$24,200

There were no direct materials price ordirect labor rate variancesfor June. In addition, assume no changes in the direct materials inventory balances in June. Kimber Toy Company actually produced 10,000 units during June.

Determine thedirect materials quantityanddirect labor time variances. Round your per unit computations to two decimal places, if required. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Direct materials quantity variance$

Direct labor time variance$

4.) Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 15,000 hours of productive capacity in the department:

Variable overhead cost:Indirect factory labor$138,000Power and light 5,550Indirect materials 37,500Total variable overhead cost $181,050 Fixed overhead cost:Supervisory salaries$63,370Depreciation of plant and equipment 39,830Insurance and property taxes 25,350Total fixed overhead cost 128,550 Total factory overhead cost$309,600

Assuming that the estimated costs for November are the same as for October.

A flexible factory overhead cost budget for the Press Department for November for 13,000, 15,000, and 17,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers.

Leno Manufacturing Company Factory Overhead Cost Budget-Press Department For the Month Ended November 30 Direct labor hours 13,00015,00017,000 Variable overhead cost:Indirect factory labor$$$Power and light Indirect materials Total variable factory overhead$$$Fixed factory overhead cost:Supervisory salaries$$$Depreciation of plant and equipment Insurance and property taxes Total fixed factory overhead$$$Total factory overhead cost$$$