MULTIPLE CHOICE:

6. The stage of production at which the individual jointproducts are identified is referred to as the:

A. Split-off point

B. Joint point

C. Separate identification point

D. Relative point

7. Marie Company produces one product, the M5501 include the useof 25 yards of raw material at a standard price of $ 4.42 peryard. During a recent month, the company used 65,000 yards ofraw material to produce 2,580 units of M5501. Marie had purchasedthis material at a cost of $4.37 per yard. Calculate the materialquantity variance.

A. $2,185 unfavorable

B. $2,185 favorable

C. $2,210 unfavorable

D. $3,225 favorable

8. Alberta Company’s standards for its Marathon model include 50ounces of borolox at a cost of $6.30 per ounce. During May, thecompany purchased 56,000 ounces of borolox at a total cost of $351,680. The company produced 1,025 Marathons during May and used53,500 ounces of borolox in the process. Calculate the materialprice variance and the material quantity variance.

A. $1,120 favorable and $14,175 unfavorable

B. $14630 favorable and $29,925 unfavorable

C. $1,070 favorable and $14,175 unfavorable

D. $1,120 favorable and $29m925 unfavorable