Question 2)

Each unit of finished goods requires 2 grams of raw material. The company plans to sell 550,000 units during the year. How much of the raw material should the company purchase during the year? Multiple Choice 1,240,000 grams 1,210,000 grams 1,200,000 grams 1,190,000 grams Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for September: Required: a. Compute the materials price variance for September. b. Compute the materials quantity variance for September. c. Compute the labor rate variance for September. d. Compute the labor efficiency variance for September. e. Compute the variable overhead rate variance for September. f. Compute the variable overhead efficiency variance for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)