1. Answer each of the following independent questions, and show your computations if any. (25%)(1) Kraven Corporation produced 1,000 units of a product in 2024 that required 25,000 pounds of material. The price for the material was $3 per pound in 2024 and $3.25 in 2023. Kraven's cost accountant has estimated that to produce the same 1,000 units in 2023 would have required 29,700 pounds of material. What was the cost effect of productivity for materials? (Use "F" to represent favorable variance and "U" to represent unfavorable variance).

(2) The NTPU Company manufactures tables. In March, the two production departments had budgeted allocation bases of 4,000 machine-hours in Assembly Department and 8,000 direct manufacturing labor-hours in Quality Control Department. The budgeted manufacturing overheads for the month were $57,500 and $62,500, respectively. For Job A, the actual costs incurred in the two departments were as follows:Job A incurred 800 machine-hours in Assembly Department and 300 manufacturing labor-hours in Quality Control Department. The company uses a budgeted overhead rate for applying overhead to production.Requirement:(a) Prepare the necessary journal entries to summarize the March transactions for Assembly Department.(b) Determine the total cost of Job A.

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