0 Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor hours and its standard cost card per unit is as follows: Direct material: 6 pounds at $8.00 per pound Direct labort 3 hours at $14 per hour Variable overhead: 3 hours at 55 per hour Total standard variable cost per unit $ 48.00 42.00 15.00 $105.00 The company also established the following cost formulas for its selling expenses: Fixed cost Variable cost per Month Advertising per Unit Sold $ 250,000 Sales salaries and commissions $ 200,000 $17.00 Shipping expenses $ 8.00 The planning budget for March was based on producing and selling 19,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs Purchased 160,000 pounds of raw materials at a cost of $2.20 per pound. All of this material was used in production b. Direct laborers worked 60,000 hours at a rate of $15.00 per hour Total variable manufacturing overhead for the month was $336,600. d. Total advertising, sales salaries and commissions, and shipping expenses were $260,000, $480.000, and $165.000 respectively Foundational 9-12 12. What amounts of advertising, sales salaries and commissions, and shippfis expenses would be included in the company's flexible budget for March? 200.000 Advertising Sales salaries and commissions oping experies Exercise 9-4 Direct Materials Variances (L09-4) Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet for the North American market requires a special plastic. During the quarter ending June 30, the company manufactured 3,500 helmets, using 2.205 kilograms of plastic. The plastic cost the company $14.553. According to the standard cost card, each helmet should require 0.55 kilograms of plastic, at a cost of $7.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,500 helmets? 2. What is the standard materials cost allowed (SQSP) to make 3,500 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance), Input all amounts as positive values. Do not round intermediate calculations.) 1 2 3 Standard quantity of kilograms allowed Standard cost aliowed for actual output Materials spending variance Materials price variance Materials quantity variance 4 Exercise 9-5 Direct Labor Variances (LO9-5) SkyChets, Inc., prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dit sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 4.400 of these meals using 1700 direct labor hours. The company paid its direct labor workers a total of $17000 for this work, or $10.00 per hour According to the standard cost card for this meal, it should require 0,40 direct labor hours at a cost of $9.40 per hour. Required: 1. What is the standard lobor-hours allowed (SH) to prepare 4,400 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 4,400 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor officiency variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance), Input all amounts as positive values. Do not round intermediate calculations.) 1 2 3 Standard labor-hours allowed Standard labor cost allowed Labor spending variance Laborrate variance Eabor efficiency variance 4