Sole Purpose manufactures beach shoes that use a canvas as the main raw material. Data related to the shoes for June follows: Standard quantity per unit of output (yards) Standard Price (SP) per yard Actual materials purchased in yards Actual cost of materials purchased Actual materials used in production (yards) Actual outputs in units 3.5 $7.00 13,500 $89,600 11,000 3,400 What is the materials quantity variance for canvas for June? OA. $17,500 favorable OB. $6,300 unfavorable O C. $17,500 unfavorable O D. $6,300 favorable $195,000 8 years $12,000 $30,000 5% Initial capital investment $55,000 8 years $7,000 $11,000 15% residual value How long is the payback period for OA. 16.25 years OB. 6.5 years O C. 2.5 years O D. 6.1 years An unfavorable flexible budget variance for variable expenses would indicate that: O A. fewer units were actually sold than the company had anticipated. O B. actual variable expenses were higher than the flexible budget variable expenses. O C. more units were actually sold than the company had originally budgeted to sell. O D. the expenses of the company were less than what they had planned. Fem Company has atarget rate of return of 13%, an ROI of 34%, and capital tum over of 14. The sales margin for Fem Company may be closest to A. 48%. O B. 18%. OC. 996. O D. 24%. The static budget volume is 3,000 units: Number of units Standard machine hours 10,000 1000 12,000 28,000 30,80033,600 Budgeted variable overhead costs: Budgeted fixed overhead costs $140,000 $154,000 $46,200 $46200 $46,200 $168,000 Actual production was 6,500 units. Actual overhead costs were $28,000 for variable costs and $34,000 for fixed costs. Actual machine hours worked were 14,000 hours. What is the standard variable overhead rate per machine hour? O A. $1.50 O B. $14.00 O C. $3.33 O D. $5.00