1. The master budget for your company has $25,000 for direct materials, $59,000 for direct labor, $25,000 for variable overhead, and $23,000 for fixed overhead. If you company expected to sell 35,000 units and actually sold 18,000 units, what would your companys direct labor cost be if it used a flexible budget based on actual sales for the period?
2. The master budget for your company has $46,000 for direct materials, $72,000 for direct labor, $79,000 for variable overhead, and $89,000 for fixed overhead. If you company expected to sell 62,000 units and actually sold 87,000 units, what would your companys direct materials cost be if it used a flexible budget based on actual sales for the period?
3. The master budget for your company has $70,000 for direct materials, $65,000 for direct labor, $91,000 for variable overhead, and $47,000 for fixed overhead. If you company expected to sell 24,000 units and actually sold 46,000 units, what would your companys variable overhead cost be if it used a flexible budget based on actual sales for the period?
4. The master budget for your company has $41,000 for direct materials, $18,000 for direct labor, $25,000 for variable overhead, and $92,000 for fixed overhead. If you company expected to sell 54,000 units and actually sold 65,000 units, what would your companys fixed overhead cost be if it used a flexible budget based on actual sales for the period?
5. The master budget for your company has $72,000 for direct materials, $78,000 for direct labor, $60,000 for variable overhead, and $47,000 for fixed overhead. If you company expected to sell 23,000 units and actually sold 33,000 units, what would your companys total cost be if it used a flexible budget based on actual sales for the period?
6. After selling 91,000 units during last month, your company prepared a flexible budget that had $126,000 for direct materials, $799,000 for direct labor, $556,000 for variable overhead, and $230,000 for fixed overhead. If your company had prepared a master budget last year based on the assumption that it would be able to sell 73,000 units last month, then what would total costs have been on that master budget?
7. It is expected to take your company 49 direct labor hours to make one unit, and the standard wage rate for each employee is $15 per hour. During last month, your company actually paid $243,000 to employees for 11,000 hours worked. If 530 units were actually made, then what is the
   1. amount of direct labor cost on a flexible budget?
   2. direct labor rate variance?
   3. direct labor efficiency variance?
   4. direct labor spending variance?
8. Your company expects to use 42 pounds of material to make one unit, and each pound is expected to have a price of $13 per pound. Last month, your company actually paid $106,000 for 23,000 pounds of material. If 1,300 units were actually made, then what is the
   1. amount of direct materials cost on a flexible budget?
   2. direct materials price variance?
   3. direct materials quantity variance?
   4. direct materials spending variance?