62.

Assume that a companys budgeted revenue per unit is $49. The companys planned level of activity was 2,000 units and its actual level of activity was 2,180 units. Its actual revenue was $104,000. The companys revenue activity variance is:

rev: 06_25_2020_QC_CS-208650

Multiple Choice

• $4,820 U.

• $8,820 F.

• $8,820 U.

• $4,820 F.

63.

Assume the sales budget for April and May is 38,000 units and 40,000 units, respectively. The production budget for the same two months is 35,000 units and 36,000 units, respectively. Each unit of finished goods required 4 pounds of raw materials. The company always maintains raw materials inventory equal to 30% of the following months production needs. If the company pays $2.35 per pound of raw material, then what is the estimated cost of raw material purchases for April?

Multiple Choice

• $331,820

• $337,570

• $334,820

• $331,070

65.

Assume the following:

• The standard labor rate per hour is $16.95.
• The standard labor-hours allowed per unit of finished goods is 3 hours.
• The actual quantity of labor hours worked during the period was 44,000 hours.
• The total actual direct labor cost for the period was $726,000.
• The company produced 15,000 units of finished goods during the period.

What is the labor rate variance?

Multiple Choice

• $19,800 U

• $17,800 U

• $17,800 F

• $19,800 F