DC Co. estimates the following for the upcoming year: Quarter 1 2 3 Unit Sales 180,000 200,000 210,000 DC estimates beginning finished goods inventory at 10,000 units. It desires an ending inventory equal to 20% of next quarters unit sales. The Six-Month Total column from the Production Budget will report a desired ending inventory of 10,000 units 76,000 units 82,000 units 42,000 units s Company has budgeted for 15,000 direct labor hours to produce 9,000 units. The labor rate is $20 per hour and variable overhead is based on $3.00 per direct labor hour. Variable Overhead reported in the Overhead Budget will be $27,000 $45,000 $300,000 $180,000 Connor Co. uses a standard cost system and has established the following material and labor standards to produce one unit of product: Direct materials Direct labor Standard Quantity 2.5 pounds 0.6 hours Standard Price $2.75 per pound $10 per hour Connor estimates it will produce 6,400 units for the month of March. During March, the following activity was recorded by the company relating to actual production: The company produced 6,000 units during the month. A total of 16,000 pounds of materials were purchased and used at a cost of $3.00 per lb. . Which of the following statements is true? The materials price variance is $2,750 favorable. The materials price variance is $4,000 unfavorable. The materials price variance is $1,600 favorable. The materials price variance is $4,000 favorable. La-Z Co. applies overhead on the basis of direct labor hours. Selected data from La-Z's second quarter budgets appear below: Production Budget: 18,000 units to be produced Direct Labor Budget - 1.5 labor hours to produce a single unit Direct Labor Budget - $25.00 per labor hour ACTUAL data for the second quarter is as follows: Units produced: 17,000 Labor hours worked: 30,500 Actual Labor Cost: $771,650 Actual Labor rater per hour: $25.30 per hour. The total budgeted labor hours for the second quarter are 25,500 hours 30,500 hours Can't be determined. 27,000 hours The following information was taken from Southgate Industry's cash budget for the month of July: Beginning cash balance $480,000 Cash receipts 304,000 Cash disbursements 544,000 If the company has a policy of maintaining a minimum end of the month cash balance of $400,000, the amount the company would have to borrow is b. $80,000. a. $160,000. c. $240,000. d. $96,000