XYZ Manufacturing uses a standard cost system with overhead applied based on direct-labor hours. The manufacturing budget for the production of 5,000 units for the month of June included 10,000 hours of direct labor at $20 per direct labor hour, and $0 per direct labor hour for variable overhead. During June. 4,500 units were produced, using 9,000 direct-labor hours, incurring $53,400 of variable overhead. The flexible budget for June for variable overhead would be: 0 11 $54000 2) $00,000 0 33 $50400 O 4) $200,000 Which of the following is NOT an adjustment used in calculating economic value added? ( 1) Interest on long term debt O 2) Research and development O 3) Non interest bearing current liabilities O 4) AdvertisingTo calculate the direct materials usage yariance, you should do which of the following? I\\ (2.1] Compare the actual quantity used with the direct material that should be used for the actual output I\\ \"21/. Subtract the budgeted price from the actual price and multiply by the budgeted quantity of materials. I\\ \"31/. Compare the actual amount spent on direct materials with the direct materials shown on the master budget I\\ 41/. Compare the standard price with the actual price for direct materials and multiply by the amount actually used In production Novak Corporation manufactures custom-made kayaks and accessories. Which of the following activities would be considered non value added? ( 1) Storing parts and materials ( 2) Assembling kayaks ( 3) Painting kayaks ( 4) Designing kayaks to maximize comforShort term liquidity for a company is measured by which of the following ratios? 1) Current and quick ratio O 2) Earnings per share and profit margin ( 3) Debt to equity and times interest earned O 4) Return on assets and return on equityMemoirs, Inc. produces picture frames and has a standard for direct labor of .25 hours at $16 per hour. During August, Memoirs make 1,722 frames and pays $8,007 for 517 hours of for direct labor. Which of the following is NOT true? O 1) The labor efficiency variance is unfavorable 2) The labor rate variance is favorable 3) The flexible budget would show $6,888 for direct labor. ( 4) Together the direct labor variances exceed 10% of the cost of direct labor for picture frames