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Pretreated wood is cut in the Cutting Department and then the lumber is assembled into tables in the Assembly Department. It takes 30 minutes of direct labor time to cut the lumber and the standard hourly labor rate in the Cutting Department is $12. The tables take one hour to assemble and the standard hourly rate in the Assembly Department is $10. If Grover’s production budget is 20,000, what is the company’s direct labor budget?
Select one:
a. $680,000
b. $330,000
c. $320,000
d. $340,000
Question 2
Kerry Kola Company sells Kerry Kola in two sizes: 12 ounce and 32 ounce bottles, at a price of $1.00 and $2.25, respectively. Projected unit sale volumes by region follow:
East Region:
12 ounce bottles
200,000
32 ounce bottles
150,000
West Region:
12 ounce bottles
325,000
32 ounce bottles
250,000
What is Kerry Kola’s budgeted sales?
Select one:
a. $1,643,750
b. $1,425,000
c. $1,362,500
d. $1,581,250
Question 3
Jobe Company’s master budget called for 30,000 units of production. Budgeted direct material costs at this level were $450,000 or $15 per unit. Jobe actually produced 32,000 units and incurred direct material costs of $496,000. What is Jobe’s direct material variance using flexible budgeting?
Select one:
a. $16,000 F
b. $16,000 U
c. $46,000 U
d. $74,125 U
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