7. Seaside Company produces picture frames. During the year 190,000 picture frames were produced. Materials and labor standards for producing the picture frames are as follows: Direct materials (2 pieces of wood @ $2.25) $4.50 Direct labor (2 hours @ $10) $20.00 Seaside purchased and used 400,000 pieces of wood at $2.00 each and its actual labor hours were 360,000 hours at a wage rate of $10.50. What is the materials price variance? (1 Point) 0 $170,000 0 O $100,000 F $112,500 U O $135,000 F 8. An unfavorable variable overhead spending variance may be caused by * (1 Point) the use of excessive quantities of variable overhead items. O the payment of lower prices for variable overhead items used. the use of excessive quantities of the variable overhead allocation base. both the use of excessive quantities of variable overhead items and the payment of lower prices for variable overhead items used. 9. A company is considering a special order for 1,000 units to be priced at $8.90 (the normal price would be $11.50). The order would require specialized materials costing $4.00 per unit. Direct labor and variable factory overhead would cost $2.15 per unit. Fixed factory overhead is $1.20 per unit. However, the company has excess capacity and acceptance of the order would not raise total fixed factory overhead. The warehouse, however, would have to add capacity costing $1,300. Which of the following is relevant to the special order? (1 Point) O $1.20 fixed factory overhead per unit None of these $11.50 normal selling price $7.35 spent on donuts and coffee $8.90 selling price per unit of special order 10. If the National Division of American Products Company had a turnover ratio of 4.2 and a margin of 0.10, the return on investment would be * (1 Point) 23.8% 42.0% O 238.0% O 420.0% 11. The following information pertains to Stark Corporation: Beginning inventory 0 units Ending inventory 5,000 units Direct labor per unit $20 Direct materials per unit 16 Variable overhead per unit 4 Fixed overhead per unit 10 Variable selling costs per unit 12 Fixed selling costs per unit What is the value of ending inventory using the variable costing method? (1 Point) 16 $310,000 $250,000 $200,000 $390,000 12. Shandling Company had operating income of $70,000, sales of $218,750, and turnover of 0.5. What is Shandling's ROI?* (1 Point) O 16% 64% O Cannot be determined from this information. 32% 50%