Question 30 (4 points) Larance Detailing's cost formula for its materials and supplies is $2,230 per month plus $1 per vehicle. For the month of November, the company planned for activity of 75 vehicles, but the actual level of activity was 25 vehicles. The actual materials and supplies for the month was $2,160. The materials and supplies in the flexible budget for November would be closest to: $2,305 $768 $2,255 $2,160 Question 29 (4 points) What is a standard cost? An estimated cost based on historical data A budget for the production of one unit of product or service An actual cost reduced to a practical level All of the above None of the above Question 28 (4 points) Paulsen Corporation makes two products, W and P, in a joint process. At the split-off point, 50,000 units of W and 60,000 units of P are available each month. Monthly joint production costs are $290,000. Product W can be sold at the split-off point for $5.60 per unit. Product P either can be sold at the split-off point for $4.75 per unit or it can be further processed and sold for $7.20 per unit. If Pis processed further, additional processing costs of $3.10 per unit will be incurred. If Pis processed further and then sold, rather than being sold at the split-off point, the change in monthly net operating income would be a: $147,000 decrease $147,000 increase $39,000 increase $39,000 decrease Question 25 (4 points) Consider the following: Actual Labor Cost Standard Labor Cost Actual Actual Actual Standard Standard Standard Hours x Rate Hours Rate Hours x Rate 2,000 x $14.50 = $29,000 2,000 x $15.00 = $30,000 1,800 x $15.00 =$27,000 A B Which of the following statements is true? X The result of A minus B equals the direct-labor rate variance The result of B minus C equals the direct-labor efficiency variance The result of A minus C equals the total direct-labor cost variance All of the statements are true. None of the statements is true