Case 23.6 Kelly Company gathered the following information for 2009: Standard quantity per unit Standard price per unit Actual quantity used per unit Actual price paid for material Price variance Efficiency variance Flexible budget variance Actual quantity of production Direct materials Product X Product Y 3 lbs. 4 lbs. $2.00/lb. 3 lbs. $2.50/lb. $5.00/lb. $200 U $450 F $400 F $2,100 F 200 units 300 units 51) Refer to Case 23.6. What is the actual quantity used per unit for Product X? A) 2.0 lbs. B) 3.0 lbs C) 2.5 lbs. D) 1.0 b. 52) Refer to Case 23.6. What is the direct materials flexible budget variance for Product X?! A) $600 favorable B) $200 unfavorable C) $400 favorable D) $200 favorable 53) Refer to Case 23.6. What is the standard price per unit for Product Y? A) $5.00/lb. B) $2.67/lb. C) $5.38/lb D) $5.50/1b. 54) Refer to Case 236. What is the efficiency variance for Product Y? A) $1,200 U B) $1,650 U C) $1,200 F D) $1,650 F 55) 55) The difference between total actual overhead and the flexible budget amount for actual production is referred to as: A) the overhead efficiency variance B) the overhead flexible budget variance. C) the production volume variance. D) both A and Care correct