24. Milkway Dairy Blend buys and resells 5 gallons containers of Greek yogurt for $38 per container. Milkway pays $20 per container to buy the yogurt. Additionally, Milkway has the following information: Operating fixed costs are $95,000 per month and office furniture depreciation is $7,000 per month Inventory at the end of each month is maintained at 30% of the next month's projected sales All sales are on credit. Collections are made 40% in the month of sale and 60% in the month after sale All selling and administrative expenses are paid in the month after they are incurred Inventory purchases are paid 30% in the month of purchase and 70% in the month after purchase Budgeted monthly unit sales for the first five months of 2017 are as follows: January February March April May 11,000 containers 13,000 containers 15,000 containers 14,000 containers 18,000 containers In the month of March, how many containers of yogurt will be purchased? A) 14,700 units B) 19,200 units C) 15,000 units D) 15,300 units 25. Scotto Designs has the following standards for the production of scarves: Direct materials Direct labor Standard Quantity 1.2 yards per scarf 0.15 hours per scarf Standard Price $4.70 per yard $11.00 per hour The company used 985 yards of material in order to make 800 scarves in April. The company purchased 1,100 yards at $4.60 per yard. How much is the direct materials quantity variance? A) $110 favorable B) $118 unfavorable C) $8 unfavorable D) $705 unfavorable