A company's flexible budget for 16,000 units of production showed total contribution margin of $76,800 and fixed costs, $36,000. The operating Income expected if the company produces and sells 21,000 units is: Multiple Choice $64,800. $88,800. O $12.000. O $40,800. $24.375 Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (3 lbs @ $1/16) Total direct materials cost variance-unfavorable Actual direct materials used Actual finished units produced $3 per finished unit $14,750 120,000 lbs. 30,000 units Multiple Choice $30,000 favorable $15.250 favorable $30.000 unfavorable. $14,750 favorable $14,750 unfavorable Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25.000 units. The direct materials price variance is: Direct materials standard (7 kg. @ $1.60/kg.) Actual cost of materials purchased Actual direct materials purchased and used $11.20 per finished unit $249,000 142,000 kgs. Multiple Choice O $31.000 unfavorable. $52,800 unfavorable. $52,800 favorable. $21,800 unfavorable. $21,800 favorable