Ferric Chemicals, Inc. has fixed costs of $34,000 per month. The highest production volume during the year was in January when 120,000 units were produced, 70,000 units were sold, and total costs of $650,000 were incurred. In June, the company produced only 57,000 units. What was the total cost incurred in June? (Round any intermediate calculations to the nearest cent and your final answer to the nearest dollar.) A. $292,410 B. $650 000 C. $684,000 OD. $326 410 Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Oceanside uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 1 pound per unit, $12 per pound Direct labor: 2 hours per unit $ 16 per hour Oceanside produced 5,000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 6,500 pounds of direct materials and actual total materials costs were $99,900. What is the direct materials cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) O A. $16,850 Unfavorable O B. $16.850 Favorable O C. $21,905 Unfavorable OD. $21,905 Favorable