SCM

1. Scott Manufacturing The following March information is available for Scott Manufacturing Company when it produced 2,100 units: Standard: Material 2 pounds per unit @ $5.80 per pound Labor 3 direct labor hours per unit @ $10.00 per hour Actual: Material 4,250 pounds purchased and used @ $5.65 per pound Labor 6,300 direct labor hours at $9.75 per hour Refer to Scott Manufacturing. What is the material price variance?

637.50 U

637.50 F

630.00 U

630.00 F

2. The cost to produce 20,000 units is 21,000 pesos. The cost to produce 50,000 units is 34,000 pesos. Fixed cost increased by 4,000 when production exceeded 25,000 units. What is the Total Cost of 35,000 units?

28,000

29,500

34,167

26,500

None of the above

3. The company has Fixed cost of 500,000 and CMR of 30%. If the company projected that net loss of 50,000 will occur in 2020 due to pandemic; What is the projected sales in 2020?

450,000

1,200,000

1,500,000

2,000,000

None of the above