I need help withthe 20 Managerial Accountingquestions in the attached document. Thank You

Jackson Industries has collected the following data for one of its products: Direct materials standard (6 pounds per unit @ $3.30 per finished good $0.55/lb.) Actual direct materials purchased $38,000 pounds Actual Direct Materials Used (AQU) 35,000 pounds Actual Price (AP) paid per pound $0.60 How much is the direct materials price variance? A. $1,750 unfavorable B. $1,900 favorable C. $1,900 unfavorable D. $1,750 favorable Capital Manufacturing designs and manufactures bathtubs for home and commercial applications. Capital recorded the following data for its commercial bathtub production line during the month of March: Standard DL hours per tub 3 Standard overhead rate per DL hour $6.50 Standard overhead cost per unit $19.50 Actual overhead costs $22,750 Actual DL hours 3,250 Actual overhead cost per machine $7.00 hour Actual tubs produced 1,100 What is the variable manufacturing overhead efficiency variance in March? A. $1,625 favorable B. $1,625 unfavorable C. $325 unfavorable D. $325 favorable An unfavorable direct labor rate variance indicates which of the following? A. Both Actual Quantity (AQ) and actual cost of direct labor hours exceeded standard quantity and standard cost of hours for actual output. B. The Actual Quantity (AQ) of direct labor hours worked exceeded the standard quantity of hours for actual output. C. The actual direct labor cost per hour exceeded the standard direct labor cost per hour for Actual Quantity (AQ) of direct labor hours. D. The actual cost of direct labor per hour was less than the standard cost of direct labor per hour. Capital Manufacturing designs and manufactures bathtubs for home and commercial applications. Capital recorded the following data for its commercial bathtub production line during the month of March: Standard DL hours per tub 3 Standard overhead rate per DL hour $6.50 Standard overhead cost per unit $19.50 Actual overhead costs $22,750 Actual DL hours 3,250 Actual overhead cost per DL hour $7.00 Actual tubs produced 1,100 What is the variable manufacturing overhead rate variance in March? A. $325 favorable B. $1,625 favorable C. $325 unfavorable D. $1,625 unfavorable How is the direct labor rate variance calculated? A. The difference between the standard labor rate and the actual labor rate multiplied by the actual labor hours used B. The difference between the standard labor rate and the actual labor rate C. The difference between the standard labor hours and the allowable labor hours D. The difference between the standard labor rate and the actual labor rate multiplied by the standard allowable hours A(n) ________ is a carefully predetermined cost that is usually expressed on a per unit basis. A. standard cost B. allocated cost C. applied cost D. flexible cost Active Lifestyle Beverages gathered the following information for Job #928: Standard Total Cost Actual Total Cost Direct labor: Standard: 540 hours at 3,645 $6.75/hr. Actual: 500 hours at $6.50/hr. 3,250 What is the direct labor efficiency variance? A. $270 favorable B. $260 favorable C. $260 unfavorable D. $270 unfavorable All of the following are advantages of using standard costs and variances except A. the timeliness that occurs when variances are computed once each month. B. standard costs have benchmarks managers use to judge actual costs. C. standard costing systems simplify the bookkeeping process. D. standard costs and benchmarks are useful tools that mangers use as a basis in the master budget. Which of the following situations may lead to a favorable direct materials price variance? A. The purchasing manager paid a premium price for a higher quality of raw materials. B. A vendor shipped a greater quantity of raw materials than ordered. C. Raw materials waste was substantially reduced in the factory. D. The purchasing manager was able to negotiate a lower purchase price for raw materials. The ________ "tells managers how much of the total direct materials variance is due to using more or less materials than anticipated the by standards." A. production volume variance B. price variance C. overhead flexible budget variance D. quantity variance Active Lifestyle Beverages gathered the following information for Job #928: Standard Total Cost Actual Total Cost Direct materials: Standard: 2,200 pints at $10,450 $4.75/pint Actual: 2,450 pints at $5.00/pint $12,250 What is the direct materials quantity variance? A. $1,250.00 unfavorable B. $1,250.00 favorable C. $1,187.50 unfavorable D. $1,187.50 favorable Myles Company budgeted 10,500 pounds of direct materials costing $23.50 per pound to make 5,300 units of product. The company actually purchased 11,000 pounds of direct materials costing $25.00 per pound to make the 5,300 units. What is the direct materials price variance? A. $15,750 unfavorable B. $15,750 favorable C. $16,500 favorable D. $16,500 unfavorable What does the variable overhead efficiency variance tell management? A. How efficiently variable manufacturing overhead was used B. How efficiently fixed manufacturing overhead was used C. How much of the total variable manufacturing overhead variance is due to machine hours used given the actual volume of output D. How efficiently employees applied manufacturing overhead to each unit Dire Corporation uses the following standard costs for a single unit of product: Direct labor (3.5 hours @ $12.50/hour) $43.75 Overhead (5 hours @ $4.25/hour) $21.25 Actual data for the month showed overhead costs of $425,000 for 22,500 units produced. What is the difference between actual overhead costs and standard overhead costs allocated to products? A. $329,375 unfavorable B. $53,125 unfavorable C. $329,375 favorable D. $53,125 favorable When deciding whether or not to adopt standard costs and perform variance analysis, management should do which of the following? A. Adopt lean thinking B. Increase automation of assembly lines C. Examine the costs and benefits of a standard costing system D. Update inaccurate standard costs Hushovd Iron Works has collected the following data for its Thunderbolt line of products: Direct materials standard 10 pounds per unit Direct materials standard cost $0.75 per pound Actual material purchased cost $0.85 per pound Actual direct materials purchased 40,000 pounds Actual Quantity (AQ) of Direct Materials Used 35,000 pounds (AQU) Actual finished goods produced 4,500 units What is the direct material price variance? A. $3,500 favorable B. $4,000 favorable C. $4,000 unfavorable D. $3,500 unfavorable favorable direct materials price variance indicates which of the following? A. The standard cost of materials purchased was less than the actual cost of materials purchased. B. The Actual Quantity (AQ) of materials used was less than the standard quantity of materials used for actual production. C. The standard cost of materials purchased was greater than the actual cost of materials purchased. D. The actual cost of materials purchased was greater than the standard cost of materials purchased. The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used 34,000 Actual rate per hour $17.00 Standard rate per hour $16.75 Standard hours for units produced 33,500 How much is the direct labor efficiency variance? A. $8,500 unfavorable B. $8,375 favorable C. $8,375 unfavorable D. $8,500 favorable A company uses sugar in producing its product. If the price of sugar doubles, which variance is directly impacted? A. Direct labor efficiency variance B. Direct materials price variance C. Direct materials quantity variance D. Direct labor rate variance Kahn Performance Nutrition produces a protein shake which contains whey protein as one of its ingredients. The whey protein (materials) standards for each batch of protein shake produced are 12 pounds of whey protein at a standard cost of $3.00 per pound. During July, Kahn Performance Nutrition purchased and used 54,000 pounds of whey protein at a total of $170,000 to make a total of 4,300 batches of protein shake. What is the materials quantity variance for whey protein in July? A. $7,200 favorable B. $7,200 unfavorable C. $141,900 unfavorable D. $141,900 favorable