Use the following information to answer Questions 1-8.

A product is made by mixing three liquids Jam, Peanut Butter and Mustard. The table below provides the standard cost and actual output data for the product:

	Standard		Actual
Liquids	Standard proportions	Standard cost per unit $	Actual usage/litres	Actual price $	Actual cost $
Jam	40%	30	450	35	15,750
Butter	40%	20	380	15	5,700
Mustard	20%	35	250	30	7,500
			1,080		28,950

A standard process loss of 10% is anticipated. During September 2012, the output was 1440 litres.

The standard cost per unit is:

Select one:

( )

a.

$27

( )

b.

$20

( )

c.

$85

( )

d.

$30

2. The standard cost per litre of actual output is:

Select one:

( )

a.

$76.5

( )

b.

$94.4

( )

c.

$30

( )

d.

$24.3

3. The standard volume is:

Select one:

( )

a.

1440 Litres

( )

b.

1296 Litres

( )

c.

1600 Litres

( )

d.

1080 Litres

4. Direct material price variance is

Select one:

( )

a.

$900F

( )

b.

$1,250F

( )

c.

$2,250A

( )

d.

$1,900F

5. Direct materials mix variance is:

Select one:

( )

a.

$1,190A

( )

b.

$690A

( )

c.

$540A

( )

d.

$1,040F

6. Direct material yield variance is:

Select one:

( )

a.

$3,640F

( )

b.

$14,040F

( )

c.

$6,240F

( )

d.

$4,160F

7. Direct material usage variance is:

Select one:

( )

a.

$14,730F

( )

b.

$13,350A

( )

c.

$14,250A

( )

d.

$13,350F

8. Direct material total variance is:

Select one:

( )

a.

$28,950 F

( )

b.

$14,250 A

( )

c.

$43,200 A

( )

d.

$14,250 F