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Georgia Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2019, Gll estimated the following standard costs for one of their

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Georgia Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2019, Gll estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. During May, GII produced and sold 3,000 containers using 1,000 pounds of direct materials at an average cost per pound of $19 and 625 direct manufacturing labor hours at an average wage of $11.75 per hour. The direct labor efficiency variance during May is a) $300.00 unfavorable b) $156.25 favorable c) $143.75 favorable d) $131.75 unfavorable The following displays Logan Company's operation results at a volume of 100,000 units. Production capacity is 150,000 units. If Logan increases sales volume by 10,000 units, what would be net profit? Example of Answer: 4000 (No comma, space, decimal point, or \$ sign) lestion 14 ( 5 points) Atlanta Custom Carpentry manufactures chairs in its Processing Department. Direct materials are included at the beginning of the production cycle and are bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection takes place at the end of production when 100% of conversion costs are completed. After inspection, some units are spoiled due to non-detectible material defects. Normal spoiled units generally constitute 2% of the good units - units that successfully passed the inspection in current month. Company uses FIFO Method. Data provided for March are as follows: The number of normal spoilage and abnormal spoilage units, respectively are: a) 1,020 units and 980 units, respectively b) 1,100 units and 900 units, respectively c) 1,200 units and 800 units, respectively d) 1,120 units and 880 units, respectively

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