Assume the following Information appears in the standard cost card for a company that makes only one product: Direct materials Direct labor Variable manufacturing overhead Standard Quantity or hours 5 pounds 2 hours 2 hours Standard Price or Rate $11.00 per pound $17.00 per hour $ 3.00 per hour Standard Cost $55.00 $34.00 $ 6.00 During the most recent period, the following additional information was available: 21,200 pounds of material was purchased at a cost of $10.50 per pound. All of the material that was purchased was used to produce 3,900 units. 8,000 direct labor-hours were recorded at a total cost of $132,000, What is the direct materials price variance? Multiple Choice $9.750 F $10,600 U Assume a company's estimated sales is 32,000 units. Its desired ending finished goods inventory is 8,500 units, and its beginning finished goods Inventory is 3,500 units. What is the required production in units? Multiple Choice 44,000 units 28.500 units 20,000 units 37.000 units Assume that a company provided the following cost formulas for three of its expenses (where g refers to the number of hours worked): Rent (fixed) Supplies (variable) Utilities (mixed) $3,000 $4.000 $150 + $0.750 The company's planned level of activity was 2,000 hours and its actual level of activity was 1,900 hours. The actual amount of supplies expense for the period was $7,830. What is the spending variance for supplies expense? Multiple Choice $230 V O $230 F $460 U LO $460 F Assume the following (1) variable expenses = $308,000, (2) unit sales - 10,000, (3) the contribution margin ratio = 20%, and (4) net operating Income - $10,000. Given these four assumptions, which of the following is true? Multiple Choice O The total fixed expenses - $61,600 The total sales - $369,600 The break-even point in sales dollars is $335.000 The total contribution margin = $2 $246.190