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122. Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data
from its operation for the year just completed.
Actual
A Flexible
Budget
B Master
Budget
Units 1,500 1,200
Sales (dollars) $93,000 C $18,000F
Variable cost E $60,000
Contribution Margin $1,500U D
Fixed cost F $5,000
Operating income $7,500
The column heading identified as A is:
123. Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data
from its operation for the year just completed.
Actual
A Flexible
Budget
B Master
Budget
Units 1,500 1,200
Sales (dollars) $93,000 C $18,000F
Variable cost E $60,000
Contribution Margin $1,500U D
Fixed cost F $5,000
Operating income $7,500
The column heading identified as B is:
124. Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data
from its operation for the year just completed.
Actual
A Flexible
Budget
B Master
Budget
Units 1,500 1,200
Sales (dollars) $93,000 C $18,000F
Variable cost E $60,000
Contribution Margin $1,500U D
Fixed cost F $5,000
Operating income $7,500
The amount C is:
125. Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data
from its operation for the year just completed.
Actual
A Flexible
Budget
B Master
Budget
Units 1,500 1,200
Sales (dollars) $93,000 C $18,000F
Variable cost E $60,000
Contribution Margin $1,500U D
Fixed cost F $5,000
Operating income $7,500
The amount D is:
126. Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data
from its operation for the year just completed.
Actual
A Flexible
Budget
B Master
Budget
Units 1,500 1,200
Sales (dollars) $93,000 C $18,000F
Variable cost E $60,000
Contribution Margin $1,500U D
Fixed cost F $5,000
Operating income $7,500
The amount E is:
127. Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data
from its operation for the year just completed.
Actual
A Flexible
Budget
B Master
Budget
Units 1,500 1,200
Sales (dollars) $93,000 C $18,000F
Variable cost E $60,000
Contribution Margin $1,500U D
Fixed cost F $5,000
Operating income $7,500
The amount F is:
128. Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data
from its operation for the year just completed.
Actual
A Flexible
Budget
B Master
Budget
Units 1,500 1,200
Sales (dollars) $93,000 C $18,000F
Variable cost E $60,000
Contribution Margin $1,500U D
Fixed cost F $5,000
Operating income $7,500
The total operating-income variance is:
129. Pokeman Bunch Inc., manufactures Poke Monster figures and has the following data
from its operation for the year just completed.
Actual
A Flexible
Budget
B Master
Budget
Units 1,500 1,200
Sales (dollars) $93,000 C $18,000F
Variable cost E $60,000
Contribution Margin $1,500U D
Fixed cost F $5,000
Operating income $7,500
The sales volume variance in terms of operating income is:
130. Precilla Company uses a standard costing system that allows 2 pounds of direct
materials for one finished unit of product. 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 (SP) is:
131. Precilla Company uses a standard costing system that allows 2 pounds of direct
materials for one finished unit of product. 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 actual number of pounds (AQ) of direct materials used to produce July's output was:
132. Precilla Company uses a standard costing system that allows 2 pounds of direct
materials for one finished unit of product. 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 was:
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 (AQ). The budget for July called for
production of 2,000 units with 6,000 direct labor hours at $40.00 per hour (SP).
Ally's direct labor rate variance for July was:
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 (AQ). The budget for July called for
production of 2,000 units with 6,000 direct labor hours at $40.00 per hour (SP).
Ally's direct labor efficiency variance for July is:
135. Roncy Manufacturing uses enhanced powder plastics (EPP) to manufacture a high-
pressure board, Dura-Plastic. Information concerning its operation in June was as follows:
Master Budget units of Dura-Plastic to manufacture 8,000
Units of Dura-Plastic actually manufactured 9,000
Budgeted amount of EPP to purchase 70,000 oz.
EPP material actually purchased 76,000 oz.
EPP material actually used in production 72,000 oz.
Standard cost of EPP actually used in production $478,800
Standard quantity of EPP per unit of Dura-Plastic 7.5 oz.
Cost of EPP purchased $574,560
The standard cost per ounce of EPP (to two decimal places) is:
136. Roncy Manufacturing uses enhanced powder plastics (EPP) to manufacture a high-
pressure board, Dura-Plastic. Information concerning its operation in June was as follows:
Master Budget units of Dura-Plastic to manufacture 8,000
Units of Dura-Plastic actually manufactured 9,000
Budgeted amount of EPP to purchase 70,000 oz.
EPP material actually purchased 76,000 oz.
EPP material actually used in production 72,000 oz.
Standard cost of EPP actually used in production $478,800
Standard quantity of EPP per unit of Dura-Plastic 7.5 oz.
Cost of EPP purchased $574,560
The direct materials usage (efficiency) variance for June was:
137. Roncy Manufacturing uses enhanced powder plastics (EPP) to manufacture a high-
pressure board, Dura-Plastic. Information concerning its operation in June was as follows:
Master Budget units of Dura-Plastic to manufacture 8,000
Units of Dura-Plastic actually manufactured 9,000
Budgeted amount of EPP to purchase 70,000 oz.
EPP material actually purchased 76,000 oz.
EPP material actually used in production 72,000 oz.
Standard cost of EPP actually used in production $478,800
Standard quantity of EPP per unit of Dura-Plastic 7.5 oz.
Cost of EPP purchased $574,560
The direct materials purchase-price variance is for June was:
138. Luanna Inc. manufactures game consoles. Some of the company's data was misplaced.
Use the following information to replace the lost data.
Actual
Results Flexible
Budget
Variance
Flexible
Budget Sales
Volume
Variance
Master
Budget
Units 1,760 1,700
Revenues $103,840 $1,760 U A B
Variable costs C $47,600
Fixed Costs $20,700
Operating Income $44,350 D $25,000
The amount A is:
