SHOW THE CALCULATIONS PLEASE!!!

17 At the beginning of the month, Jensen Company had no materials in inventory and determined the following for production of its only product: Standard quantity of material per unit produced Standard price of material Budgeted units to be produced $ 7.4 lbs. 16.70 per lb. 700 units At the close of the month, the company reported the following data: $ Actual quantity of material purchased Actual cost of material purchased Ending materials inventory Actual units produced 6,300 lbs. 97,650 550 lbs. 750 units The materials quantity variance for the month would be closest to: A. $ 3,100 Unfavorable B. $ 3,340 Unfavorable C. $ 9,519 Unfavorable D. $ 12,525 Unfavorable E. None of the above. 18 Britt & Sons manufactures a product with the following unit standards related to direct labor: Standard hours Standard rate 4 labor-hours per unit ? per labor-hour Partial production data for the most recent month are shown below: Production (units) Direct labor hours Direct labor cost Budget 3,500 14,000 ? $ Actual 3,350 ? 114,325 An analysis of results for the month included the following variances: Direct labor spending variance Direct labor efficiency variance $ $ 1,765 Unfavorable 7,140 Favorable Given this information, total actual hours of direct labor in the period was closest to: A. 12,576 B. 14,250 C. 12,550 D. 13,112 E. None of the above. 19 Artman Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month, data related to production are shown below: Units produced Machine-hours Variable MOH $ Budget 720 3,600 37,440 $ Actual 778 3,900 39,800 For the month, the variable overhead efficiancy variance was closest to: A. 104 Unfavorable B. 3,120 Unfavorable C. 102 Unfavorable D. 760 Favorable E. None of the above. 20 Skie Inc produces a single product and uses a standard costing system applying manufacturing overhead based on standard machine-hours allowed for actual output. At the beginning of the year, the company planned the following related to Fixed Manufacturing Overhead (FMOH): Budget FMOH $ Budget (denominator level) activity 75,000 150,000 MHS At the end of the year, the company reported results below for FMOH: Actual activity FMOH budget variance $ FMOH volume variance $ 156,250 MHS 2,250 Favorable 3,750 Favorable For the year, standard machine-hours allowed for actual output were closest to: A. 142,500 MHs B. 154.500 MHS C. 157,500 MHs D. 162,000 MHS E. None of the above