Landram Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 2.0 liters 1.5 hours 1.5 hours Standard Price or Rate $7.00 per liters $11.00 per hour $5.00 per hour The company produced 4,900 units in April using 10,330 liters of direct material and 2,310 direct labor-hours. During the month, the company purchased 10,900 liters of the direct material at $7.25. per liter. The actual direct labor rate was $11.80 per hour and the actual variable overhead rate was $4.80 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for April is: $3,710 U $3,843 U $3,710 F $3,843 F. Nash Corporation manufactures and sells custom snowmobiles. From the time an order is placed till the time the snowmobile reaches the customer averages 118 days. This 118 days is spent as follows: Wait time Move time Process time Queue time Inspection time 24 days 19 days 29 days 27 days 19 days What is Nash's manufacturing cycle efficiency (MCE) for its snowmobiles? (Round you answer to one decimal place.) 56.8% 30.9% 40.7% 59.3% For the past year, Allargando Company recorded sales of $769,500 and average operating assets of $285,000. What is the margin that Allargando Company needed to earn in order to achieve an Rol of 51.3%? 2.7% 1.95% O 51.3% 19% Fabio Corporation is considering eliminating a department that has a contribution margin of $31,000 and $62,000 in fixed costs. Of the fixed costs, $15,500 cannot be avoided. The effect of eliminating this department on Fabio's overall net operating income would be: O a decrease of $15,500. an increase of $15,500. an increase of $31,000. a decrease of $31,000