Question 11 1 pts Meow Products Ltd. in the US produces and sells scratching posts for cats. In the current year, the company had expected to sell 12 000 posts but actually produced and sold 10 000 posts. The following information is available regarding the standard cost to produce a single post: Direct materials:3 feet @ 1.85 per foot Direct labour:15 minutes @ $0.30 per minute In the current year, 38 000 feet of material were purchased out of which 35 000 feet were used at a cost of $1.55 per foot, and 160 000 direct labour minutes were incurred at a cost of $0.32 per minute. The company's direct materials price variance for the current year was: O $11 400 F $4100 U 0 $7600 U O $2350 F Question 12 1 pts Mystic Falls Inc. bottles and sells a popular soft drink. In 2009, the company had expected to sell 1 000 000 bottles but actually bottled and sold 900 000 bottles. The standard direct materials cost for each bottle is $0.40 comprised of 10 grams at a cost of $0.04 per gram. During 2009, 10 000 000 grams of material were purchased out of which 9 200 000 grams were used at a cost of $0.06 per gram. The direct materials price variance for 2009 was: $200 000 U $200 000 F $92000 U O $92 000 F