Multiple Choice Question 71. but a 2% diro Concord Corporationproduces a product that requires 2.6 pounds of materials per unit, The allowance for waste and spolage per unit is 0.3 pounds and 0.I pounds, respectively. The purchase price is $4 per pound, effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard peoduction time is 1 hour per unit, and the allowance for rest periods and setup is 0.2 hours and 0.1 hours, ound, and receiving and handling costs are $0.03 per pound. The hourly wage rate is $12 per hour, but a rase which will average $0.3 will go into respectively. The standard direct materials price per pound is e $4.13. $3.92 e 14.05 e 4.00 Multiple Choice Question 8 Sunland Companyplonned to use 1 yard of plastic per unit budgeted at $111 a yard. However, the plastic actually cost $110 per yard. The company actually made 4600 units, although it had planned to make only 3800 units. Total yards used for production were 4660. How much is the total materials variance? $4660 F t8880 U $2000 U Ot88800 U Multiple Choice Question 99 A company uses 9400 pounds of materials and exceeds the standard by 100 pounds. The quantity variance is $3000 unfavorable. What is the standard price? $10.0 O $20.0 Cannot be determined from the data provided $30.0 Multiple Choice Question 100 A company purchases 20000 pounds of materials. The materials price variance is $2000 favorable, What is the dfference between the standard and actual price paid for the materials?" $1.00 so,10 e Cannot be determined from the data provided O$10.00 Multiple Choice Question 101 A company uses 40000 pounds of materials for which it paid $10 a pound. The materials price variance was $30000 unfavorable. What is the standard price per pound? $10.75 O$9.25 $0.75 $10.00