Assume that a company expects to produce 10,500, 11,500, and 13,500 units of finished goods in January February, and March, respectively. Each unit of finished goods requires 4 pounds of raw material and each pound of raw material costs $2.25. The company always maintains an ending raw materials inventory equal to 25% of next month's production needs. What is the amount of expected raw materials purchases for February? Multiple Choice $100,000 $60,000 $100.000 $64,000 Assume that a company provided the following excerpts of Information from its flexible budget performance report: Actual Flexible Planning Results Budget Budget Flights (9) 55 50 Revenue ($150.000) $11,550 $ ? $ ? ? What amount of revenue would appear in the company's flexible budget? Multiple Choice $7,750 O $8,250 O $7,850 $7,500 Assume a merchandising company's estimated sales for January, February, and March are $106,000 $126,000, and $116,000, respectively. Its cost of goods sold is always 35% of its sales. The company always maintains ending merchandise Inventory equal to 20% of next month's cost of goods sold. It pays for 25% of its merchandise purchases in the month of the purchase and the remaining 75% in the subsequent month. What is the accounts payable balance at the end of February? Multiple Choice $32,550 $29,935 $28.875 $10.850 Assume the following: . The standard price per pound is $2.10. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased and used in production is 50,700 pounds. The actual purchase price per pound of materials was $2.25. The company actually produced 13,000 units of finished goods during the period; however, its planning budget was based on 12,800 units. What is the materials quantity variance? Multiple Choice $2,925 F $2,925 U $1,050 F $2730F