1.A company's static budget estimate of total overhead costs was $682,000 based on the assumption that 22,000 units would be produced and sold. The company estimates that 20% of its overhead is variable and the remainder is fixed. The total overhead cost according to the flexible budget if 26,000 units were produced and sold is: (Do not round intermediate calculations.)

2. A company's static budget estimate of total overhead costs was $572,000 based on the assumption that 26,000 units would be produced and sold. The company estimates that 30% of its overhead is variable and the remainder is fixed. The total overhead cost according to the flexible budget if 30,000 units were produced and sold is: (Do not round intermediate calculations.)

3.Let q₁ represents client visits and q₂ represents hours of operations. The electricity cost for Blissful Spa depends on both client-visits and the hours of operations and its cost formula is $320 + $0.10q₁ + $1.20 q₂. If the actual number of client visits is 720 and the salon was open for 120 hours during the month, the flexible budget amount for electricity is:

4.

Fausto Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standard for the materials costs of one unit of product:

Standard Quantity	Standard Price	Standard Cost
6.0 pounds	$ 7.70/pound	$46.20

During June, the company purchased 172,000 pounds of direct material at a total cost of $1,341,600. The company manufactured 32,000 units of product during June using 193,280 pounds of direct materials. The price variance for the direct materials acquired by the company during June is: (Do not round intermediate calculations.)

5.Fausto Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standard for the materials costs of one unit of product:

Standard Quantity	Standard Price	Standard Cost
6.0 pounds	$7.70/pound	$46.20

During June, the company purchased 172,000 pounds of direct material at a total cost of $1,341,600. The company manufactured 32,000 units of product during June using 193,280 pounds of direct materials. The direct material quantity variance for June is:

6.Mochel Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standard for the direct labor costs of one unit of product:

Standard Hours	Standard Rate	Standard Cost
1.3 hours	$22.10/hour	$28.73

The total factory wages for June were $940,160, 80 percent of which were for direct labor. The company manufactured 26,000 units of product during June using 33,280 direct labor hours. The direct labor rate variance for June is: (Do not round intermediate calculations.)

7.Mochel Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standard for the direct labor costs of one unit of product:

Standard Hours	Standard Rate	Standard Cost
1.3 hours	$21.30/hour	$27.69

The total factory wages for June were $558,080, 90 percent of which were for direct labor. The company manufactured 18,000 units of product during June using 23,040 direct labor hours.The direct labor efficiency variance for June is: