Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead cost variance Direct labor standard (2.0 hrs $13.80/hr.) Actual direct labor hours Budgeted units Actual finished units produced Standard variable OH rate (2 hrs. @14.00/hr.) Standard fixed OH rate ($353,500/5e, 500 units) Actual cost of variable overhead costs incurred Actual cost of fixed overhead costs incurred $26.00 per finished unit Product A has a sales price of $16 per unit. Based on a 14,000-unit production level, the variable costs are $9 per unit and the fixed costs are $6 per unit. Using a flexible budget for 16,500 units, what is the budgeted operating income from Product A? A. 16,500 B. 31,500 C. 40,000 D. 84,000 E. 50,500 98,500 hrs 50,500 units 48,500 units 28.00 per finished unit 7.00 per unit $1,351,000 $ 560,000 A. 14,100 F B. 7,000F C. 20,750 U D.20,750 F E. 21,100 U 25 A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (422,800 units $3.40/unit) Actual costs: Direct Materials costs incurred (419,300 units $3.50/unit) $1,434,800 $1,467,550 A. 1,434,800 F B. 1,434,800 U C. 41,930 U D. 41,930 F E. 42,200F