QUESTION 9 Alphonse Company manufactures staplers The budgeted sales price is $14 00 per stapler, the variable costs are $3 00 per stapler, and budgeted fixed costs are $10,000 What is the budgeted operating income for 4300 staplers a $37,300 b $60,200 c $47,300 d $12,900 QUESTION 10 Infinity Clock Company prepared the following static budget for the year Static Budget Units Volume 5000 Per Unit Sales Revenue $7 00 $35,000 Variable Costs 1 00 5000 Contribution Margin 30,000 Fixed Costs 3000 Operating Income (Loss) $27,000 If a flexible budget is prepared at a volume of 7800 units, calculate the amount of operating income The production level is within the relevant range a $7800 b $3000 c $27,000 d $43,800 QUESTION 11 Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor Oceanside uses standard costs to prepare its flexible budget For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows Direct materials 2 pound per unit $12 per pound Direct labor 2 hours per unit $16 per hour Oceanside produced 3000 units during the quarter At the end of the quarter, an examination of the direct materials records showed that the company used 6500 pounds of direct materials and actual total materials costs were $99,600 What is the direct materials cost variance (Round any intermediate calculations to the nearest cent, and your final answer to the nearestdollar ) a $9960 Favorable b $21,580 Unfavorable c $9960 Unfavorable d $21,580 Favorable QUESTION 12 Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor Allen uses standard costs to prepare its flexible budget For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows Direct materials 1 pound per unit $11 per pound Direct labor 4 hours per unit $19 per hour Allen produced 4000 units during the quarter At the end of the quarter, an examination of the direct materials records showed that the company used 7500 pounds of direct materials and actual total materials costs were $99,300 What is the direct materials efficiency variance a $44,000 F b $38,500 F c $44,000 U d $38,500 U

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QUESTION 9 Alphonse Company manufactures staplers. The budgeted sales price is $14.00 per stapler, the variable costs are $3.00 per stapler, and budgeted fixed costs

QUESTION 9

Alphonse Company manufactures staplers. The budgeted sales price is $14.00 per stapler, the variable costs are $3.00 per stapler, and budgeted fixed costs are $10,000. What is the budgeted operating income for 4300 staplers?

a		$37,300
b		$60,200
c		$47,300
d		$12,900

QUESTION 10

Infinity Clock Company prepared the following static budget for the year:

Static Budget
Units/Volume		5000
	Per Unit
Sales Revenue	$7.00	$35,000
Variable Costs	1.00	5000
Contribution Margin		30,000
Fixed Costs		3000
Operating Income/(Loss)		$27,000

If a flexible budget is prepared at a volume of 7800 units, calculate the amount of operating income. The production level is within the relevant range.

a		$7800
b		$3000
c		$27,000
d		$43,800

QUESTION 11

Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Oceanside uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 2 pound per unit; $12 per pound Direct labor: 2 hours per unit; $16 per hour Oceanside produced 3000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 6500 pounds of direct materials and actual total materials costs were $99,600. What is the direct materials cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearestdollar.)

a		$9960 Favorable
b		$21,580 Unfavorable
c		$9960 Unfavorable
d		$21,580 Favorable

QUESTION 12

Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Allen uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 1 pound per unit; $11 per pound Direct labor: 4 hours per unit; $19 per hour Allen produced 4000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7500 pounds of direct materials and actual total materials costs were $99,300. What is the direct materials efficiency variance?