A company's flexible budget for 16,000 units of production showed per unit contribution margin of $4.40 and fixed costs, $36,000. The operating income expected if the company produces and sells 21,000 units is: Multiple Choice $1,000 $36,000. O $34,400. O $56,400. O $92,400. A job was budgeted to require 3 hours of labor per unit at $8.00 per hour. The job consisted of 7,100 units and was completed in 19,300 hours at a total labor cost of $172,800. What is the direct labor rate variance? Multiple Choice $16,000 unfavorable. $18,400 unfavorable. $2,400 unfavorable. $16,000 favorable. $18,400 favorable. A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. @ $8 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. @ $12 per hr.) Actual 44,500 lbs. @ $8.20 per lb. 17,400 hrs. @ $17.50 per hr. $217,900 8,800 (1) Compute the standard cost per unit. Direct materials Direct labor Overhead Total $ 0 (2) Compute the total cost variance for June. Indicate whether the cost variance is favorable or unfavorable. Total cost variance A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. @ $8 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. @ $12 per hr.) Actual 44,500 lbs. @ $8.20 per lb. 17,400 hrs. @ $17.50 per hr. $ 217,900 8,800 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost $ 0 $ 0 $ 0 0