Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following excerpt from the standard cost card of its only product:

	Standard Hours		Standard Rate			Standard Cost
Fixed manufacturing overhead	2	hours	$	6.00	per hour	$	12.00

During the most recent period, the following additional information was available:

• The total actual fixed overhead cost was $275,000.
• The budgeted amount of fixed overhead cost was $285,000.
• 46,000 direct labor-hours were actually used to produce 24,200 units.

How much fixed overhead was applied to work in process?

Assume the following:

• The standard labor rate per hour is $17.00.
• The standard labor-hours allowed per unit of finished goods is 3 hours.
• The actual quantity of labor hours worked during the period was 44,000 hours.
• The labor rate variance is $27,000 F.
• The company produced 15,000 units of finished goods during the period.

The actual direct labor wage rate per hour is closest to:

Assume the following:

• The standard price per pound is $2.15.
• The standard quantity of pounds allowed per unit of finished goods is 4 pounds.
• The actual quantity of materials purchased was 53,000 pounds, whereas the quantity of materials used in production was 51,000 pounds.
• The actual purchase price per pound of materials was $2.25.
• The company produced 13,000 units of finished goods during the period.

What is the materials quantity variance?

Assume a company makes only three products, A, B, and C:

	Product A					Product B					Product C
Selling price per unit		$	70				$	65				$	45
Variable cost per unit		$	35				$	25				$	20
Machine-hours per unit			2.00					3					1.5

The company does not have enough machine-hours available to satisfy demand for all of its products. Product As contribution margin per unit of the constraining resource is closest to: