10) Gipple Corporation makes a product that uses a material wh of output and the price anderd of 57.90 p 26.770 grams of the direct material. During the month the company purchase material m . I o am $750 per gram. The direct materials purchases variance is the purchased 9.300 het s e de The materials price A) 54876 F range for January is: B) 52930 F 11) The following information relates to last year's operations at the Legume Divisie of Gervasi Corporation 14576 U D U Minimum required rate of return Return on investment (ROD) Sales Turnover con operating assets) What was the Legume Division's net operating income last year A) SS3,820 B) $14,820 C) $17.940 12) The following labor standards have been established for a particular product D) $18.170 Standard labor-hours per unit of output Standard labor rate $ 1490per hour The following data pertain to operations concerning the product for the last month Actual hours worked Actual total labor cost Actual output $ 890 hours 138,840 88 units What is the labor rate variance for the month? A) S15,288 U B) $11,570 F C) $12,912 U D) $2670 F 13) Harrti Corporation has budgeted for the following sales: $ U S July August September October November December S 446,800 $81.800 615.900 890.900 839,000 699,000 S Sales are collected as follows: 10% in the month of sale: 60% in the month following the sales and the remaining 30% in the second month following the sale. In Razz's budgeted balance sheet at December 31, at what amount will accounts receivable be shown? A) $629,100 B) $850.800 C) $880,800 D) $221,700 5100 units using 10) Gipple Corporation makes a product that uses a material with the quantity standard of 92 grams per unit of output and the price standard of S7.90 per gram. In January the company produced 26.770 grams of the direct material. During the month the company purchased 29 300 grams of the direct material at $780 per gram. The direct materials purchases variance is computed when the materials are purchased D) $2930 U C) 54876 U The materials price variance for January is B) 52930 F A) $4876 F 11) The following information relates to last year's operations at the Legumes Division of Gervani Corporation 6.9 $ Minimum required rate of retum Return on investment (ROD 780,000 3 times Sales Turnover (on operating assets) D) $18.170 C) $17.940 What was the Legume Division's net operating income last year? B) $14,820 A) 553,820 12) The following labor standards have been established for a particular product: 9.0hours 14.90per hour $ Standard labor-hours per unit of output Standard labor rate The following data pertain to operations concerning the product for the last month: $ 8900hours 138,840 880units Actual hours worked Actual total labor cost Actual output What is the labor rate variance for the month? A) $15,288 U B) $11,570 F 13) Harrti Corporation has budgeted for the following sales: C) $12,912 U D) S2670 F $ $ July August September October November December 446,800 581,800 615.900 890,900 839,000 699,000 Sales are collected as follows: 10% in the month of sale: 60% in the month following the sale, and the remaining 30% in the second month following the sale. In Razz's budgeted balance sheet at December 31, at what amount will accounts receivable be shown? A) S629,100 B) $850.800 C) 5880,800 D) $221,700