Can anyone help for few standard costing questions. Please find attached.

Intermediate Management Accounting Intermediate Management Accounting 1. Nasser Co. currently uses a historical cost system to prepare internal performance reports. In August the company sold 400,000 units at a price of $6.50 per unit. There were 150,000 units in beginning inventory in August. Normal volume is 500,000 units and budgeted fixed costs are $450,000. Variable manufacturing cost per unit in August was $1.00 and production for the month was 425,000 units. Actual and budgeted fixed overhead costs were the same for the month. Management uses a standard costing system. No variable cost variances existed for the month and there were no nonmanufacturing costs for August. What is the fixed overhead volume variance for the month? a) $25,000 U b) $28,125 F c) $67,500 U d) $110,000 U 2. Davida Co. planned to sell 40,000 units of its only product for the year. Its target cost is $10.40 per unit, based on a desired return of 16% on the $1,600,000 invested to design and manufacture the product. The actual cost was $11.25 per unit and the actual selling price during the year was $15.75 per unit. The sales volume variance was 0. What is the sales price variance? a) b) c) d) 2/4 $42,000 U $76,000 U $214,000 F $374,000 F Intermediate Management Accounting Week 5 Quiz Use the following information to answer questions 3 and 4: Popular Toys Inc. sells toys that are in the top 10% of market demand. The two bestselling toys are the Personal Robot and the Smart Bear. The past year's budget and actual sales and market data for these two products are shown below: Expected (budget) data Expected total industry sales in units Expected company sales in units Expected selling price per unit Expected variable cost per unit Actual data Industry sales in units Company sales in units Selling price per unit Variable cost per unit Personal Robot Smart Bear 600,000 38,500 $130 $ 75 480,000 45,600 $100 $ 60 580,000 36,500 $125 $ 80 410,000 42,600 $90 $65 3. Which of the following is the sum of the sales mix variances for both products? a) $1,109 F b) $4,334 F c) $5,779 F d) $27,449 F 4. Which of the following is the market share variance for both products? a) b) c) d) $ 94,195 F $102,681 F $190,791 F $208,135 F 5. Grains Galore Cereal Co. produces a cereal called Toasty Fruits, which is a mix of cranberries, raisins and rice flakes. It has set the following standards to produce 50 kilograms of cereal: Cost per kilogram Ingredient Kilograms Total cost Rice flakes Raisins Cranberries 30 18 12 60 $ 2.00 $ 2.50 $30.00 $ 60.00 45.00 360.00 $ 465.00 At the end of the month, the operations manager reported the following details relating to the production of 2,600 kilograms of Toasty Fruits cereal: Ingredient Rice flakes Raisins Cranberries Kilograms 1,820 910 770 3,500 Cost per kilogram $ 1.85 $ 2.60 $33.50 Total cost $ 3,367.00 2,366.00 25,795.00 $ 31,528.00 All prices remained the same for the period and Grains Galore operates on a just-in-time inventory basis with negligible beginning and ending inventories. What were the mix and yield variances for the month? a) b) c) d) Mix variance, $1,684.80 U; Yield variance, $3,150.20 U Mix variance, $1,890.00 U; Yield variance, $2,945.00 U Mix variance, $1,890.00 U; Yield variance, $3,150.20 U Mix variance, $2,110.50 U; Yield variance, $3,193.90 U