For the coming month your company estimate sales to be $100,000 and the increase by 5% for two months more. Assume the beggining inventory for the coming month estimated $20,000 and the ending inventory 30% of cost of goods sold, cost of goods sold estimation is 60% of sales. What is the estimated purchases in dollars:___________________

2. Material volume(quantity) variance is the difference between:

a. Standard Price * (Standard quantities - actual quantities)

b. Standard Price * (Standard quantities + actual quantities)

c. Standard Price * Standard quantities - actual quantities

d. Standard Price * Standard quantities - actual quantities * actual price