1)Schickel Inc. regularly uses material B39U and currently has in stock 460 liters of the material for which it paid $3,128 several weeks ago. If this were to be sold as is on the open market as surplus material, it would fetch $5.95 per liter. New stocks of the material can be purchased on the open market for $6.45 per liter, but it must be purchased in lots of 1,000 liters. You have been asked to determine the relevant cost of 760 liters of the material to be used in a job for a customer. The relevant cost of the 760 liters of material B39U is: 2) Jurica Corporation has two production departments, Forming and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department The Forming Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Forming 19,000 4,000 100,700 2.00 Customizing 15,000 6,000 $ 63,000 $ 3.90 The predetermined overhead rate for the Forming Department is: 3) Polaco Corporation makes a product that has the following direct labor standards: Standard direct labor-hours Standard direct labor rate $ 0.4 24.00 hours per unit per hour Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Forming 19,000 4,000 100,700 2.00 Customizing 15,000 6,000 $ 63,000 $ $ $ 3.90 The predetermined overhead rate for the Forming Department is: 3) Polaco Corporation makes a product that has the following direct labor standards: Standard direct labor-hours Standard direct labor rate $ 0.4 24.00 hours per unit per hour In May the company produced 8,500 units using 3,220 direct labor-hours. The actual direct labor rate was $22.10 per hour. The labor efficiency variance for May is