1. Fegox Firinghi (FF) produces flip flops. Each flip-flop requires 2 lbs of Flub and 1 lb of Fleeb, which are planned to cost $8 and $3 per lb. respectively. During the month of May, FF purchased 22,000 lbs of Flub for $194,000 and 13,000 lbs of Fleeb for $42,000. All materials were consumed in producing 10,500 good flip flops.

Which is true?

Group of answer choices

Direct materials price variances total $21,000 unfav

Direct material price variances total $6,950 unfav

The standard price of Flub should be revised

The standard price of Flub should not be revised

2.Fegox Firinghi (FF) produces flip flops. Each flip-flop requires 2 lbs of Flub and 1 lb of Fleeb, which are planned to cost $8 and $3 per lb. respectively. During the month of May, FF purchased 22,000 lbs of Flub for $194,000 and 13,000 lbs of Fleeb for $42,000. All materials were consumed in producing 10,500 good flip flops.

Which is true?

Group of answer choices

The direct material quantity variances total $21,000 fav

FF was very efficient in using raw materials to produce their output

Direct material quantity variances total $15,500 fav

Direct materials quantity variances total $15,500 unfav

3.Which of these statements is true?

Group of answer choices

Budgeted volume = Actual output units allowed

Actual volume = Budgeted output actual units allowed

Expected volume = Standard volume

Standard volume = Actual output # cost driver units allowed