A company uses the following standard costs to produce a single unit of output. Direct materials Direct labor Manufacturing overhead 7 pounds at $1.10 per pound = 0.6 hour at $9.00 per hour = 0.6 hour at $5.00 per hour = $ 7.70 $ 5.40 $ 3.00 During the latest month, the company purchased and used 66,000 pounds of direct materials at a price of $1.30 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $49,130 based on 5,780 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $27,000 and fixed manufacturing overhead incurred was $14,000. Based on this information, the direct labor efficiency variance for the month was: Multiple Choice $4.870 favorable $2,890 favorable $1,980 unfavorable O $1,980 favorable $2,890 unfavorable Grant Company uses the following standard to produce a single unit of its product: Variable overhead (1.50 hours per unit @ $3.60/hour) Actual data for the month show total variable overhead costs of $203,000, and 36,000 units produced. The total variable overhead variance is: Multiple Choice $8,600F. O $8,600U. O $99.867U. O $99,867F. a $0. Claremont Company sells refurbished copiers. During the month, the company sold 195 copiers at an average price of $3,300 each. The budget for the month was to sell 190 copiers at an average price of $3,500. The expected total sales for 195 copiers were: Multiple Choice $643,500. $682,500. $627,000. O $665,000. O $553,000 Chang Industries has 1,100 defective units of product that already cost $52 each to produce. A salvage company will purchase the defective units as is for $24 each. Chang's production manager reports that the defects can be corrected for $44 per unit, enabling them to be sold at their regular market price of $40. The $52 per unit is a: Multiple Choice Incremental cost. Sunk cost. O Out-of-pocket cost. O Opportunity cost. O Period cost. Hoops Incorporated sells basketballs. Each basketball requires direct materials of $15.00, direct labor of $8.50, variable overhead of $9.50, and variable selling, general, and administrative costs of $7.00. The company has fixed overhead of $51,500 and fixed selling, general, and administrative costs of $58,500. The company has a target profit of $50,000. It expects to produce and sell 20,000 basketballs. The selling price per unit under the variable cost method is: Multiple Choice $32.00. $40.00. $48.00. $56.00. 60.00