20. A company uses activity-based costing to determine the costs of its three products: A, B and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Budgeted Activity Cost Pool Activity 1 Activity 2$45,000 7,000 15,0008,000 Product A Product B Product C 9,000 20,000 $82,000 2,500 1,0001.625 S70,000 6,000 9 Activity 3 How much overhead will be assigned to Product B using activity-based costing? $56,500 $78,000 C. $62,500 D. $197,000 E. $70,000 Direct materials standard (4 lbs. $1/Ab.) $4 per finished unit Total direct materials cost variance favorable Actual direct materials used Actual finished units produced $7,500 150,000 lbs. 30,000 units A. $30,000 favorable B. $30,000 unfavorable C. $22,500 favorable D. $37,500 unfavorable E. $37,500 favorable Five Rings, Inc, has collected the following data on one of its products: Direct materials standard (4 lbs.@ S1/lb.) $4 per finished unit Total direct materials cost variance$13,750 unfavorable Actual direct materials used Actual finished units produced 150,000 lbs. 30,000 units 22. The actual cost of the direct materials used is: A. $133,750 B. $150,000 C. $106,250 D. $158,750 E. $120,000 23. The direct materials quantity variance is: A. $30,000 favorable B. $13,750 unfavorable C. $16,250 favorable D. $30,000 unfavorable E. $13,750 favorable