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Cullumber Creations purchased 8150 feet of copper tubing at a price of $2.90 per foot and used 8500 feet during the period. The standard price
Cullumber Creations purchased 8150 feet of copper tubing at a price of $2.90 per foot and used 8500 feet during the period. The standard price of the copper tubing was $2.70 per foot. What is Cullumber Creations' direct materials price variance for the period? $1630 unfavorable O $1630 favorable $1015 unfavorable O $1015 favorable A company is preparing its cash budget for the first quarter of the year. It has $1200 in cash at the beginning of the period. Cash sales for the quarter are budgeted at $30100. Selling and administrative expenses are budgeted at $8400, which includes $2400 depreciation. Cash expenses are paid in the month incurred. Cash payment for inventory purchases are budgeted at $25300. The desired cash balance on March 31 is $6100. How much financing will the company need during the quarter? O $6100 $0 O $2400 O $8500 Ruth Industries has the following amounts budgeted for selling and administrative expenses for February: Advertising $ 84400 Utilities 56400 Office equipment depreciation 15600 Bad debts 6700 Entertainment 14000 What amount will Ruth report on its February cash budget for selling and administrative expenses? $ 163100 O $ 177100 O $ 154800 O $ 161500
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