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In: Accounting18) Assume the following information appears in the standardcost card for a company that makes...18) Assume the following information appears in the standardcost card for a company that makes only one product:Standard Quantityor hoursStandard Priceor RateStandard CostDirect materials5pounds$11.70per pound$58.50Direct labor2hours$17.00per hour$34.00Variable manufacturing overhead2hours$3.00per hour$6.00During the most recent period, the following additional informationwas available:20,000 pounds of material was purchased at a cost of $10.50 perpound.All of the material that was purchased was used to produce3,900 units.8,000 direct labor-hours were recorded at a total cost of$132,000.What is the direct materials spending variance?A) 5850 UB) 5850 FC) 18150 FD) 18150 U1) Assume that the cost formula for one of a company’s variableexpenses is $5.00 per unit. The company’s planned level of activitywas 2,000 units and its actual level of activity was 2,200 units.The actual amount of this expense was $10,050. The spendingvariance for this expense is:A) 950FB) 1550FC) 2500FD) 2500U10) Assume that a company provided the following excerpts ofinformation from its flexible budget performance report:Actual ResultsFlexible BudgetPlanning BudgetFlights (q)55?50Revenue ($175.00q)$11,550$?$?What amount of revenue would appear in the company’s flexiblebudget?A) 8750B) 9075C) 9625D) 9175