Assume the following: . The standard price per pound Is $2.35. . The standard quantity of pounds allowed per unit of finlshed goods Is 4 pounds. The actual quantity of materlals purchased was 53,000 pounds, whereas the quantity of materlals used In production was 51,000 pounds. • The actual purchase price per pound of materlals was $2.25. • The company produced 13,000 units of finished goods during the perlod. What Is the materlals quantity varlance? Multiple Choice $4.700 F $2,250 F $2,350 F $4.500 F

Chelsea Company has sales of $400,000, variable costs of $10 per unit, fixed costs of $100,000, and a profit of $60,000. How many units were sold?

The Mariachi Company prepared the following contribution format income statement based on a sales volume of 1,200 units (the relevant range of production is 500 units to 2,000 units): Sales             26,400Variable expenses             18,000Contribution margin               8,400Fixed expenses               6,200Net operating income               2,200 What is the break-even point in dollar sales?

During June, Danby Company's material purchases amounted to 10,920 pounds at a price of $5.30 per pound. Actual costs incurred in the production of 2,100 units were as follows: Direct labor: Direct material: $74,693 ($11.30 per hour) $45,633 ($5.30 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Quantity, 3 hours per unit Rate, $11.00 per hour Direct Material: Quantity, 4 pounds per unit Price, $5.10 per pound ok at Required: Fill in the amounts in the tables below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no "Actual Price" and "Standard Price" to 2 decimal places.) Direct-Material Price and Quantity Variances Actual Material Cost Projected Material Cost Standard Material Cost Actual Quantity Actual Price Actual Quantity Standard…