Question 38 (Mandatory) (1 point) The following data relate to direct materials costs for November: Actual costs Standard costs 4,700 pounds at $5.40 4,500 pounds at $6.00 What is the direct materials price variance? $2,700 favorable $120 favorable $2,820 favorable $1,700 unfavorable Question 39 (Mandatory) (1 point) The standard factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on 100% capacity of 30,000 direct labor hours. The standard cost and the actual cost of factory overhead for the production of 5,000 units during May were as follows: Standard: Actual: 25,000 hours at $10 Variable factory overhead Fixed factory overhead $250,000 202,500 60,000 What is the amount of the factory overhead volume variance? $12,500 favorable $10,000 unfavorable $12,500 unfavorable $10,000 favorable Question 21 (Mandatory) (1 point) Department G had 3,600 units, 25% completed at the beginning of the period, 15,000 units were completed during the period, 3,000 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: $40,000 Work in process, beginning of period Costs added during period: Direct materials (10,400 at $8) Direct labor Factory overhead 83,200 63,000 25,000 Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the total cost of the units "started and completed" during the period (round unit cost calculations to four decimal places)? $211,200 $134,112 $190,275 $20,934 Question 7 (Mandatory) (1 point) Lasso Corp. budgeted $250,000 of overhead for 2002. Actual overhead costs for the year were $240,000. Lasso's plantwide allocation base, machine hours, was budgeted at 50,000 hours. Actual machine hours were 40,000. Budgeted units to be produced are 100,000 units. Lasso's plantwide factory overhead rate for 2002 is: $5.00 per machine hours $1.25 per units $6.00 per machine hour $6.25 per machine hour