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121 Ventura uses a just-in-time (JIT) manufacturing system for all of its materials, components, and products. The master budget of the company for June called for use of 11,000 square feet of materials, while the flexible budget for the actual output of the month had 10,000 square feet of materials at a standard cost of $9.60 per square foot. Company records show that the actual price paid for the materials used in June was $9.50 per square foot, and that the direct materials purchase-price variance for the month was $1,040.

The materials usage (quantity) variance for June was:

A. $3,800 unfavorable.

B. $3,840 unfavorable.

C. $5,700 unfavorable.

D. $5,760 unfavorable.

E. $8,560 favorable.

122. Pokeman Bunch Inc., manufactures PokeMonster figures and has the following data from its operation for the year just completed.

The column heading identified as A is:

A. Selling price variance.

B. Efficiency variance.

C. Flexible-budget (FB) variances.

D. Sales-volume variance.

E. Production-volume variance.

123. Pokeman Bunch Inc., manufactures PokeMonster figures and has the following data from its operation for the year just completed.

The column heading identified as B is:

A. Selling price variance.

B. Efficiency variance.

C. Flexible-budget (FB) variances.

D. Sales-volume variance.

E. Production-volume variance.

124. Pokeman Bunch Inc., manufactures PokeMonster figures and has the following data from its operation for the year just completed.

The amount C is:

A. $72,000.

B. $74,400.

C. $75,000.

D. $90,000.

E. $111,000.

125. Pokeman Bunch Inc., manufactures PokeMonster figures and has the following data from its operation for the year just completed.

The amount D is:

A. $12,000.

B. $15,000.

C. $16,500.

D. $18,000.

E. $33,000.

126. Pokeman Bunch Inc., manufactures PokeMonster figures and has the following data from its operation for the year just completed.

The amount E is:

A. $61,500.

B. $76,500.

C. $79,500.

D. $88,500.

E. $91,500.

127. Pokeman Bunch Inc., manufactures PokeMonster figures and has the following data from its operation for the year just completed.

The amount F is:

A. $4,500.

B. $6,000.

C. $7,500.

D. $9,000.

E. $10,000.

128.

Pokeman Bunch Inc., manufactures PokeMonster figures and has the following data from its operation for the year just completed.

The total operating-income variance is:

A. $500 favorable.

B. $1,500 unfavorable.

C. $1,500 favorable.

D. $2,500 unfavorable.

E. $3,000 favorable.

129. Pokeman Bunch Inc., manufactures PokeMonster figures and has the following data from its operation for the year just completed.

The sales-volume variance in terms of operating income is:

A. $500 favorable.

B. $1,500 unfavorable.

C. $1,500 favorable.

D. $2,500 unfavorable.

E. $3,000 favorable.

130. Precilla Company uses a standard costing system that allows 2 pounds of direct materials for one finished unit. During July, the company purchased 40,000 pounds of direct materials for $210,000 and manufactured 12,000 finished units. The standard direct materials cost allowed for the units manufactured is $120,000. The performance report shows that Pricilla has an unfavorable direct materials usage variance of $5,000. Also, the company records any price variance for materials at time of purchase.

Precilla's standard price per pound of direct materials is:

A. $4.00.

B. $5.00.

C. $6.00.

D. $10.00.

E. $12.00.

131. Precilla Company uses a standard costing system that allows 2 pounds of direct materials for one finished unit. During July, the company purchased 40,000 pounds of direct materials for $210,000 and manufactured 12,000 finished units. The standard direct materials cost allowed for the units manufactured is $120,000. The performance report shows that Pricilla has an unfavorable direct materials usage variance of $5,000. Also, the company records any price variance for materials at time of purchase.

The number of pounds of direct materials used to produce July's output was:

A. 12,000 pounds.

B. 20,000 pounds.

C. 24,000 pounds.

D. 25,000 pounds.

E. 40,000 pounds.

132. Precilla Company uses a standard costing system that allows 2 pounds of direct materials for one finished unit. During July, the company purchased 40,000 pounds of direct materials for $210,000 and manufactured 12,000 finished units. The standard direct materials cost allowed for the units manufactured is $120,000. The performance report shows that Pricilla has an unfavorable direct materials usage variance of $5,000. Also, the company records any price variance for materials at time of purchase.

The direct materials purchase-price variance in July is:

A. $10,000 unfavorable.

B. $50,000 unfavorable.

C. $80,000 unfavorable.

D. $86,000 unfavorable.

E. $90,000 unfavorable.

133. Ally Mfg. uses a standard cost system and its July production of 1,800 units involved actual direct labor costs of $242,000 for 5,500 hours worked. The budget for July called for production of 2,000 units with 6,000 direct labor hours at $40.00 per hour.

Ally's direct labor rate variance for July is:

A. $2,000 unfavorable.

B. $4,000 unfavorable.

C. $20,000 favorable.

D. $22,000 unfavorable.

E. $26,000 unfavorable.

134. Ally Mfg. uses a standard cost system and its July production of 1,800 units involved actual direct labor costs of $242,000 for 5,500

hours worked. The budget for July called for production of 2,000 units with 6,000 direct labor hours at $40.00 per hour. Ally's direct labor efficiency variance for July is:

A. $2,000 unfavorable.

B. $4,000 unfavorable.

C. $20,000 favorable.

D. $22,000 unfavorable.

E. $26,000 unfavorable.

135. Roncy Manufacturing uses enhanced powder plastics (EPP) to manufacture high-pressure boards, Dura-Plastic. Information concerning its operation in June was as follows:

The standard cost per ounce of EPP is:

A. $6.22.

B. $6.30.

C. $6.65.

D. $6.84.

E. Greater than $7.00.

136. Roncy Manufacturing uses enhanced powder plastics (EPP) to manufacture high-pressure boards, Dura-Plastic. Information concerning its operation in June was as follows:

The direct materials usage (efficiency) variance for June was:

A. $13,300 unfavorable.

B. $26,600 unfavorable.

C. $29,925 unfavorable.

D. $34,020 unfavorable.

137. Roncy Manufacturing uses enhanced powder plastics (EPP) to manufacture high-pressure boards, Dura-Plastic. Information concerning its operation in June was as follows:

The direct materials purchase-price variance is for June was:

A. $63,700 unfavorable.

B. $65,520 unfavorable.

C. $69,160 unfavorable.

D. $95,760 unfavorable.

138. Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information to replace the lost data.

The amount A is:

A. $102,080.

B. $103,440.

C. $105,600.

D. $108,000.

139. Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information to replace the lost data.

The amount B is:

A. $100,300.

B. $102,000.

C. $103,440.

D. $105,600.

140. Luanna Inc. manufactures game consoles. Some of the company's data was misplaced. Use the following information to replace the lost data.

The amount C is:

A. $38,790.

B. $59,490.

C. $65,050.

D. $83,140.