49. PVC Pro produces PVC pipe in 12 foot lengths. The following information was provided concerning its labor and materials Actual Data Produced Materials used Labor worked 12,200 units ,650 lbs.@$7.00 per pound 7450 hrs. costing $80,460 Budget Data Budgeted units 12,000 units Budgeted materials per pipe 0.40 lb.@$7.10 per pound Budgeted labor per pipe 0.60 hours@$11.00 per hour How much is the materials price variance? A. $1,530F B. $465 F C. $1,050F D. $1,065 LO2-Pre-test-B 50. Cico Buckets had budgeted unit sales of 41,600 buckets. Actual sales during May totaled 42,000 buckets at $4.25 per bucket. Its budgeted sales price was $4.00 per bucket. The master budget contribution margin totaled $62,400 and the budgeted variable cost per unit was $2.50. How much is Haslo's sales volume variance? A. $600 F B. $100 F C. $1,600 F D. $1,700 F LO2- Pre-test-A 51. The Parsons Company has budgeted to capture 25% of the market in which they operate which currently contains 1,000 stores. The budgeted contribution margin per unit sold is $4.50. If they were actually able to capture only 20% of the market, but their actual contribution margin was $5.00 per unit, their market share variance was: A. $250 favorable 8. $225 unfavorable C. $250 unfavorable D. $225 favorable LO2-Self-test -B