47. The following information is available for Bear Manufacturing Company. -- Direct materials price standard is $3.50 per pound. -- Direct materials quantity standard is six pounds per finished unit. -- Budgeted production is 25,000 finished units. -- 175,000 pounds of direct materials were purchased for $550,000. -- 175,000 pounds of direct materials were used in production. -- 26,000 finished units of product were produced. What is the direct materials quantity variance? A) $25,400 Unfavorable B) $25,400 Favorable C) $66,500 Unfavorable D) $66,500 Favorable 48. A company has the following information available about one of its products: Standard price per pound of input ? Actual price per pound of input $30 Standard inputs per unit of output 3 pounds Actual units of output 3,000 Direct Materials Price Variance $18,000 U Actual pounds of input used 9,000 What is the standard price per pound of input? A) $25 B) $27 C) $29 D) $33 43. Holy Smokes Company has the following information available: Budgeted cost of direct materials at 1,000,000 units $1,000,000 Budgeted cost of direct materials at 950,000 units Actual cost of direct materials at 950,000 units Actual level of output(units) 1,000,000 Planned level of output(units) 1,000,000 $950,000 $1,000,000 The cost driver of product costs is units of output. What is the flexible budget variance for direct material costs? A) $25,000 Unfavorable B) $50,000 Unfavorable C) $25,000 Favorable D) $50,000 Favorable