QUESTION 1

The standard cost of Product B manufactured by Almed Company includes two units of direct materials at $4.00 per unit. During June, 27,000 units of direct materials are purchased at a cost of $3.80 per unit, and 27,000 units of direct materials are used to produce 13,000 units of Product B.

What is the DM Quantity (Efficiency) Variance? Please indicate if the Variance if Favorable or Unfavorable by using an "F" or "U"

Do not use "$" or commas in your answer. For example, if your answer is $1000 Favorable, it should be entered as 1000F.

QUESTION 2

Mason, Inc., is preparing its direct labor budget for 2017 from the following production budget based on a calendar year. Quarter Units 1 20,000 2 25,000

Each unit requires 2.3 hours of direct labor. Hourly wage is $20.

The Total Direct Labor Cost for Quarter 1 is...

Please do not enter "$" or commas in your answer.

QUESTION 3

Huegel Hollow Resort has ordered 20 kayaks from Current Designs. The production for each kayak is 54 pounds of powder and 1 finishing kit. Powder is $1.50 per pound and a kit is $170. Two kinds of labor is required; More Skilled and Less Skilled. More Skilled Labor is $15 per hour and Less Skilled is $10 per hour. 2 hours of more skilled and 1.5 hours of Less Skilled is required for each kayak. Overhead is allocated at $75 per DL Hour.

What is the cost per kayak? Please do not use "$" in your answer.