Marguerite, Inc. Shimon Corporation -- manu OH, budgets

THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 20 THROUGH 22.
Marguerite, Inc., expects to manufacture and sell 20,000 pool cues for $12.00 each. Direct materials costs are $2.00, direct manufacturing labor is $4.00, and manufacturing overhead is $0.80 per pool cue. The following inventory levels apply to 20x4:

Beginning inventory Ending inventory
Direct materials 24,000 units 24,000 units
Work-in-process inventory 0 units 0 units
Finished goods inventory 2,000 units 2,500 units
20. On the 20x4 budgeted income statement, what amount will be reported for sales?
a. $246,000
*b. $240,000
c. $312,000
d. $318,000

21. How many pool cues need to be produced in 20x4?
a. 22,500 cues
b. 22,000 cues
*c. 20,500 cues
d. 19,500 cues

22. What are the 20x4 budgeted costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?
a. $0; $96,000; $19,200
b. $39,000; $78,000; $15,600
c. $80,000; $40,000; $16,000
d. $41,000; $82,000; $16,400

THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 36 THROUGH 38.
Shimon Corporation manufactures industrial-sized water coolers and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data.

Budgeted output units 15,000 units
Budgeted machine-hours 5,000 hours
Budgeted variable manufacturing overhead costs for 15,000 units $161,250

Actual output units produced 22,000 units
Actual machine-hours used 7,200 hours
Actual variable manufacturing overhead costs $242,000

36 What is the budgeted variable overhead cost rate per output unit?
*a. $10.75
b. $11.00
c. $32.25
d. $48.40

37. What is the flexible-budget amount for variable manufacturing overhead?
a. $165,000
b. $236,500
c. $242,000
*d. none of the above

38. What is the flexible-budget variance for variable manufacturing overhead?
a. $5,500 favorable
b. $5,500 unfavorable
c. $4,300 favorable
*d. none of the above