QUESTION 1 Based on predicted production of 12,000 units, a company anticipates $150,000 of fixed costs and $123,000 of variable costs. The flexible budget amounts of fixed and variable costs for 10,000 units are : A. $125,000 fixed and $123,000 variable. B. $125,000 fixed and $102,500 variable. C. $150,000 fixed and $123,000 variable OD. $150,000 fixed and $102,500 variable QUESTION 2 A company's flexible budget for 10,000 units of production reflects sales of $200,000; variable costs of $40,000; and fixed costs of $75,000. Calculate the expected level of operating income if the company produces and sells 13,000 units. A. $133,000 B. $110,500 OC. $50,500 OD. $85,000 QUESTION 3 The anticipated costs incurred under normal conditions to produce a specific product or to perform a specific service are: A. Fixed costs B. Variable costs. C. Standard costs D. Product costs QUESTION 4 A company has established 5 pounds of Material J at $2 per pound as the standard for the material in its Product Z. The company has just produced 1,000 units of this product, using 5,200 pounds of Material J that cost $9,880. The direct materials quantity variance is: A. $120 favorable B. $400 unfavorable C. $520 unfavorable. D. $520 favorable