Name: 1. If there were 60,000 pounds of raw materials on hand on January 1, 120,000 pounds are desired for inventory at January 31, and 410,000 pounds are required for January production, how many pounds of raw materials should be purchased in January? A) 530,000 pounds B) 470,000 pounds 350,000 pounds 290,000 pounds D) 2. The selection of levels of activity to depict a flexible budget 1. will be within the relevant range. 2. is largely a matter of expediency 3. is governed by generally accepted accounting principles. A) 1 and 2 B) 1 C) 2 D) 3 3. Barton Company has beginning work in process inventory of $144,000 and total manufacturing costs of $686,000. If cost of goods manufactured is $640,000, what is the cost of the ending work in process inventory? A) $198,000. B) $210,000. C) $190,000. D) $170,000. 4. At 18,000 direct labor hours, the flexible budget for indirect materials is $36,000. If $37,400 are incurred at 18,400 direct labor hours, the flexible budget report should show the following difference for indirect materials: A) $600 favorable. B) $1,400 unfavorable. C) $600 unfavorable. D) $1,400 favorable