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The standard direct material cost per unit of finished goods is computed in which of the following ways? Multiple Choice Standard quantity per unit of direct material standard price per unit of direct material Standard quantity per unit of finished goods * standard price per unit of finished goods Standard quantity per unit of direct material standard price per unit of finished goods Standard quantity per unit of finished goods x standard price per unit of direct material The standard direct labor cost per unit of finished goods is computed in which of the following ways? Multiple Choice Standard hours per unit of finished goods x standard rate per hour Standard hours per unit of finished goods - standard rate per hour Standard hours per unit of finished goods - standard rate per hour Standard hours per unit of finished goods (standard rate per hour - actual rate per hour) The standard cost per unit for all three variable manufacturing costs is computed in which of the following ways? Multiple Choice Standard quantity or hours - standard price or rate Standard quantity or hours x standard price or rate Standard quantity or hours - standard price or rate O Standard quantity or hours * (standard price or rate - actual price or rate) Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased and used in production is 50,100 pounds. The actual purchase price per pound of materials was $2.25. The company produced 13,000 units of finished goods during the period. What is the materials price variance? Multiple Choice $12,525 U $12,525 F $13,026 U $13,026 F Assume the following: . The standard price per pound is $2.05. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased and used in production is 50,700 pounds. The actual purchase price per pound of materials was $2.25. The company produced 13,000 units of finished goods during the period. What is the materials quantity variance? Multiple Choice $2,665 U O $2,665 F $2,925 U $2,925 F Assume the following: The standard price per pound is $2.30. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased and used in production is 51,000 pounds. The actual purchase price per pound of materials was $2.25. The company actually produced 13,000 units of finished goods during the period; however, its planning budget was based on 12,800 units. What is the materials quantity variance? Multiple Choice $2,250 U $2,300 F O O $460 F $2,250 F

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