Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 20% of the next month's sales. It estimates that May's ending inventory will consist of 56,600 units. June and July sales are estimated to be 283,000 and 293,000 units, respectively. Trago assigns variable overhead at a rate of $2.10 per unit of production. Fixed overhead equals $403,000 per month. Compute the budgeted total factory overhead for June. Multiple Choice $598,500. $997,300. $1,001,500. $1,018,300. $1,011,500. A company provided the following direct materials cost information. Compute the direct materials price variance. $ 1,434,800 Standard costs assigned: Direct materials standard cost (422,000 units @ $3.40/unit) Actual costs: Direct materials costs incurred (419,300 units @ $3.50/unit) $ 1,467,550 Multiple Choice $1,434,800 Favorable. $1,434,800 Unfavorable. $41,930 Unfavorable. O $41,930 Favorable. a $42,200 Favorable. Jefferson Company uses the following standard to produce a single unit of its product: variable overhead $6.80 (2 hours per unit @ $3.40/hour). Actual data for the month show variable overhead costs of $172,320, and 24,400 units produced. The total variable overhead variance is: Multiple Choice $6,400F o $6,400U. O $89,360U. O $89,360F. a $0. A job was budgeted to require 5 hours of labor per unit at $11.00 per hour. The job consisted of 7,500 units and was completed in 36,500 hours at a total labor cost of $415,600. What is the total direct labor variance? Multiple Choice $620 unfavorable. $7,500 unfavorable. $3,100 unfavorable. O $3,375 unfavorable. O $6,475 unfavorable. Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor rate variance. Direct labor standard (2 hours @ $12.75/hour) Actual direct labor hours Actual finished units produced Actual cost of direct labor $ 25.50 per finished unit 91,300 hours 45,000 units $ 1,228,000 Multiple Choice $80,500 unfavorable. $80,500 favorable. $63,925 favorable. O $63,925 unfavorable. $16,575 unfavorable