1.Based on predicted production of 25,400 units, a company anticipates $350,000 of fixed costs and $254,000 of variable costs. If the company actually produces 18,400 units, what are the flexible budget amounts of fixed and variable costs?

2.

Required information

[The following information applies to the questions displayed below.] Brodrick Company expects to produce 20,800 units for the year ending December 31. A flexible budget for 20,800 units of production reflects sales of $582,400; variable costs of $62,400; and fixed costs of $143,000.

If the company instead expects to produce and sell 27,700 units for the year, calculate the expected level of income from operations.

3.

Required information

[The following information applies to the questions displayed below.] A manufactured product has the following information for June.

	Standard	Actual
Direct materials	7 lbs. @ $9 per lb.		58,600	lbs. @ $9.20 per lb.
Direct labor	3 hrs. @ $16 per hr.		24,600	hrs. @ $16.50 per hr.
Overhead	3 hrs. @ $12 per hr.	$	304,700
Units manufactured			8,300

Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price

4.

Hutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures.

Direct materials (15 lbs. @ $5 per lb.)			$75
Direct labor (2 hrs. @ $14 per hr.)			28

During May the company incurred the following actual costs to produce 8,100 units.

Direct materials (124,100 lbs. @ $4.80 per lb.)		$	595,680
Direct labor (20,900 hrs. @ $14.10 per hr.).			294,690

AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price

5.

Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures.

Direct materials (14 lbs. @ $4 per lb.)			$56
Direct labor (2 hrs. @ $16 per hr.)			32

During June the company incurred the following actual costs to produce 8,500 units.

Direct materials (121,500 lbs. @ $3.80 per lb.)		$	461,700
Direct labor (20,400 hrs. @ $16.15 per hr.).			329,460

AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) (2) Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

6.

Required information

[The following information applies to the questions displayed below.] A manufactured product has the following information for June.

	Standard	Actual
Direct materials	7 lbs. @ $9 per lb.		58,600	lbs. @ $9.20 per lb.
Direct labor	3 hrs. @ $16 per hr.		24,600	hrs. @ $16.50 per hr.
Overhead	3 hrs. @ $12 per hr.	$	304,700
Units manufactured			8,300

Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate