Question

Please answer all questions ASAP! Will rate!

1.A company’s flexible budget for 12,000 units of production showed sales, $46,800; variable costs, $12,000; and fixed costs, $28,000. The variable costs expected if the company produces and sells 28,000 units is:

Multiple Choice

$46,800.

$74,800.

$56,000.

$28,000.

$12,000.

2. A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (417,000 units @ $3.00 / unit) $ 1,251,000 Actual costs: Direct Materials costs incurred (415,750 units @ $3.20 / unit) $ 1,330,400 Multiple Choice

$79,400 Favorable.

$79,400 Unfavorable.

$3,750 Favorable.

$83,150 Favorable.

$83,150 Unfavorable.

3. A company’s flexible budget for 17,000 units of production showed sales, $85,000; variable costs, $34,000; and fixed costs, $24,000. The contribution margin expected if the company produces and sells 24,000 units is:

Multiple Choice

$85,000.

$109,000.

$72,000.

$48,000.

$34,000.

4. A company’s flexible budget for 9,000 units of production showed sales, $44,100; variable costs, $14,400; and fixed costs, $17,000. The operating income expected if the company produces and sells 17,000 units is:

Multiple Choice

• $ 12,700.

• $31,306.

• $750.

• $39,100.

• $16,250.

Answer 1

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