Sheffield Corp. is planning to sell 1200 boxes of ceramic tile, with production estimated at 1270 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.50 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $14 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Sheffield has 3300 pounds of clay mix in beginning inventory and wants to have 3900 pounds in ending inventory. What is the total amount to be budgeted for manufacturing overhead for the month? $39116 $9240 O $36960 $9779 Oriole Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $32000 Variable selling and administrative costs $28000 Fixed manufacturing costs $160000 Fixed selling and administrative $120000 costs Investment $1700000 ROI 30% Planned production and sales 5000 pairs What is the markup percentage? O 150% 266% 182% 85096 The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 11600 gallons of direct materials that actually cost $42920 were used to produce 7000 units of product. The direct materials quantity variance for last month was O $7200 favorable. O $9600 favorable O $5800 unfavorable, $9600 unfavorable