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The Valenti Company uses flexible budgeting for cost control Valenti produced 11300 units of product during Octobet, incoming indeed material costs of $13,700. Valenti's master budget reflected indirect material costs of $195.000 at a production volume of 150.000 urts What was the indirect material cost variance for October? Multiple Choice $1,400 favorable $1,400 unfavorable $2.550 favorable The Fellowes Company has developed standards for direct labor. During June. 70 units were scheduled and 95 were produced Data related to direct labor are: Standard hours allowed Standard wages allowed Actual direct labor 4 hours per unit $5.00 per hour 390 hours (total cost $1,911) What is the direct labor rate variance for June? Multiple Choice $38 unfavorable $39 favorable Multiple Choice O $38 unfavorable $39 favorable O $39 unfavorable $38 favorable Division A makes a part that it sells to customers outside of the company. Data concerning this part appear below. Selling price to outside customers Variable cost per unit Total fixed costs Capacity in units 85 $ 62 $525,000 35,000 Division B of the same company would like to use the part manufactured by Division A in one of its products. Division B currently purchases a similar part made by an outside company for $80 per unit and would substitute the part made by Division A Division B requires 6,000 units of the part each period. Division A can already sell all of the units it can produce on the outside market. What should be the lowest acceptable transfer price from the perspective of Division A? Multiple Choice Multiple Choice O $85. O $77. O $15. $62

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