19. The standard quantity allowed for the units produced was 5300 pounds, the standard price was $2.50 per pound, and the materials quantity variance was $325 favorable. Each unit uses 1 pound of materials. How many units were actually produced?

5300

13575

5170

5430

20.Sheridan Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2400 products are produced using 8100 direct labor hours. Sheridans actual payroll during January was $126360. What is the labor quantity variance?

$14400 U

$3240 F

$14400 F

$11160 U

22. In Marigold Corp.s income statement, they report actual gross profit of $61500 and the following variances:

Materials price	$ 420 F
Materials quantity	600 F
Labor price	420 U
Labor quantity	1000 F
Overhead	900 F

Marigold would report gross profit at standard of

$62340.

$56500.

$55660.

$59000.

23. Oriole Company produces a product that requires 2.2 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.4 pounds and 0.1 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.1 per pound, and receiving and handling costs are $0.1 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.2 hours and 0.1 hours, respectively. The standard direct materials quantity per unit is

2.3 pounds.

2.6 pounds.

2.2 pounds.

2.7 pounds.