1 Part 1 of 12 115 points eftoce The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] (The following information applies to the questions displayed below) 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 labor 3 hours at $14 per hour Variable overhead: 3 hours at $5 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: References Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month Variable Cost per Unit Sold $ 250,000 $200,000 $17.00 $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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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. c. 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 Chapter 9 Foundational 15 Seved 2 Part 2 of 13 115 points 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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. c. 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. Book Phone lences Foundational 9-2 (Algo) 2. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) Malenas quandty vanance Chapter 9 Foundational 15 Saved 3 Part 3 of 13 a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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. c. 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. 115 po eBook Pest Heferences Foundational 9-3 (Algo) 3. What is the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) Matural price variance 4 Part 4 of 13 115 points Book Print References Advertising Sales salaries and commissions Shipping expenses PAREM US Month $ 250,000 a per Unit Sold $ 200,000 $17.00 $ 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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. c. 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 9-6 (Algo) 6. What direct labor cost would be included in the company's flexible budget for March? Direct labor cost Chapter 9 Foundational 15. Seved LO 5 Part 5 of 13 a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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, c. 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. 115 points effous PYET Foundational 9-7 (Algo) 7. What is the direct labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) Derect or icency vanance Help L Chapter 9 Foundational 15 Seved 6 Part 6 of 13 115 points YBUCK Pris Heferences Advertising Sales salaries and commissions Shipping expenses $ 250,000 $ 200,000 $17.00 $ 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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 c. 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 9-8 (Algo) 8. What is the direct labor rate variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) Direct labor rate variance 7 art 7 of 13 [5] eflook Pont Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month $ 250,000 $ 200,000 Cost per Unit Sold $17.00 $ 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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. c. Total variable manufacturing overhead for the month was $336,600. d. Total advertising, sales salaris and commissions, and shipping expenses were $260,000, $480,000, and $165,000, respectively. References Foundational 9-9 (Algo) 9. What variable manufacturing overhead cost would be included in the company's flexible budget for March? Vanable manufacturing overfiead cost Chapter 9 Foundational 15 Saved 8 Part 8 of 13 115 points eBook Advertising Sales salaries and commissions Shipping expenses Month $ 250,000 Unit Sold $ 200,000 $ 17.00 $ 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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. c. 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. Py References Foundational 9-10 (Algo) 10. What is the variable overhead efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) Variable overhead efficiency variance Unit Sold Part 9 of 131 115 points ebook Pront References Advertising Sales salaries and commissions Shipping expenses $ 250,000 $ 200,000 $17.00 $ 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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. c. 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 9-11 (Algo) 11. What is the variable overhead rate variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie., zero variance.). Input the amount as a positive value.) Mariable overhead rate variance Part 10 of 13 115 points ebook Advertising Sales salaries and commissions Shipping expenses Honth $ 250,000 Unit Sold $ 200,000 $17.00 $ 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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. c. Total variable manufacturing overhead for the month was $336,600. d. Total advertising, sales salarles and commissions, and shipping expenses were $260,000, $480,000, and $165,000, respectively. Print Heerences Foundational 9-12 (Algo) 12. What amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the company's flexible budget for March? Advertising Sales salaries and commissions Shipping expenses 11 in 11 of 13 5 eBlock Print eferences Advertising Sales salaries and commissions Shipping expenses Month $ 250,000 Unit Sold $ 200,000 $ 17.00 $ 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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. c. 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 9-13 (Algo) 13. What is the spending varlance related to advertising? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie., zero variance.). Input the amount as a positive value.) Spending variance rated to advertising 12 Part 12 of 13 115 points eBook Advertising Sales salaries and commissions Shipping expenses Month $ 250,000 Unit Sold $ 200,000 $ 17.00 $ 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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. c. 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. Print References Foundational 9-14 (Algo) 14. What is the spending variance related to sales salaries and commissions? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) Spending variance related to sales salaries and commissions Chapter 9 Foundational 15 13 Part 13 of 13 12 points eflook Advertising Sales salaries and commissions Shipping expenses Month $ 250,000 $ 200,000 Saved Unit Sold $17.00 $ 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 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. c. 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 PIDE References Foundational 9-15 (Algo) 15. What is the spending variance related to shipping expenses? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) Spendog vanance related to shipping expenses