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Question 44 (2 points) 3ABC Corporation uses a standard cost system for its chunky tomato soup. This month the company produced 30 batches. Use the

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Question 44 (2 points) 3ABC Corporation uses a standard cost system for its chunky tomato soup. This month the company produced 30 batches. Use the following data to determine the variable manufacturing overhead efficiency variance. Standard variable manufacturing rate $5 per DLH Standard direct labor hours per batch 2 DLHS Total actual direct labor hours 55 DLHS Total actual variable manufacturing costs $245 What is the variable manufacturing overhead quantity variance for the month? $30 F $25 F $22.25 F $55 F Question 45 (2 points) Magno Cereal Corporation uses a standard cost system for its "crunchy pickle" cereal. The materials standard for each batch of cereal produced is 1.4 pounds of pickles at a standard cost of $3.00 per pound. During the month of August, Magno purchased 78,000 pounds of pickles at a total cost of $253,500. Magno used all of these pickles to produce 60,000 batches of cereal. What is Magno's materials quantity variance for August? $1,500 Unfavorable $18,000 Favorable $54,000 Unfavorable $19,500 Unfavorable Question 50 (2 points) Which of the following result in an unfavorable material price variance due to production decisions? Purchases of the wrong grade of materials were made. O Purchases were made in uneconomical lot sizes Rush orders were scheduled when raw material inventory was low. Global spread of influenza affected suppliers for the raw materials. action 5112 nintel Saved

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