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25 Which of the following budgets is the first to be prepared in the A. Production Budget B. Sales Budget C. Materials Budget D. Labor Budget 26. Flake Framing's cost formula for its supplies cost is $2,210 per month frame. For the month of January, the company planned but the for activity of 729 actual level $9,500. The supplies cost in the flexible budget A. 59,260 of activity was 705 frames. The actual supplies cost for the month was for January would be closest to: B. $9,244 C. $9,500 D. $9,310 27. Tucker Construction cost formula for its vehicle operating cost is $2,310 per f 18 plus $317 per day. For the month of November, the company planned for activity o days, but the actual level of activity was 20 days. The actual vehicle operating cost for the month was $8,730. The spending variance for vehicle operating cost in November would be closest to: A. $714 U B. $714 F C. $634 F D. $634 U 28. An favorable materials quantity variance indicates that: A. actual usage of material exceeds the standard material allowed for output. B. standard material allowed for output exceeds the actual usage of material. C. actual material price exceeds standard price. D. standard material price exceeds actual price. 29, Ifthe actual labor hours worked are less than the standard labor hours allowed, wi type of variance will occur? A. Favorable labor efficiency variance. B. Favorable labor rate variance. C. Unfavorable labor efficiency variance D. Unfavorable labor rate variance

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