1 Part1of15 - 10 points ..__,_.._' ...._....__.,.. [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: 4 pounds at $9.90 per pound $ 36.99 Direct labor: 3 hours at $15 per hour 45.99 Variable overhead: 3 hours at $6 per hour 18.09 Total standard variable cost per unit 3 99.00 The company also established the following cost formulas for its selling expenses: Variable Fixed Cost Cost per per Month Unit Sold Advertising 35 210,900 sales salaries and commissions $ 120,900 $ 13.99 shipping expenses $ 4.99 The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31,000 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All ofthis material was used in production. b. Direct-laborers worked 56,000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commissions. and shipping expenses were $220,000, $460,000. and $125,000. respectively. Required: 1. What raw materials cost would be included in the company's flexible budget for March? :| 9: my wor 2 Part2 of15 I 10 points H Print 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: Direot material: 4 pounds at $9.00 per pound $ 36.00 Direct labor: 3 hours at $15 per hour 45.00 Variable overhead: 3 hours at $6 per hour 10.00 Total standard variable cost per unit 3 99.00 The company also established the following cost formulas for its selling expenses: Variable Fixed Cost Cost per per Month Unit sold Advertising $ 210,000 Sales salaries and commissions $ 120,000 $ 13.00 Shipping expenses 3 4.00 The planning budget for March was based on producing and selling 26,000 units. Howeven during March the company actually produced and sold 31.000 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All ofthis material was used in production. to. Direct-laborers worked 56,000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125,000, respectively. 2. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, \"U\" for unfavorable, and \"None" for no effect (Le, zero variance). Input the amount as a positive value.) ::| ; 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: 4 pounds at $9.00 per pound $ 36.00 Part3ofi5 Direct labor: 3 hours at $15 per hour 45.00 - Variable overhead: 3 hours at $6 per hour 10.00 Total standard variable cost per unit $ 99.00 10 The company also established the following cost formulas for its selling expenses: points Variable Fixed Cost Cost per per Month Unit Sold H Advertising 3; 210,000 PM\" Sales salaries and commissions $ 120,000 $ 13.00 shipping expenses s 4.00 The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31.000 unis and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All oftl'iis material was used in production. b. Direct-laborers worked 56,000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. cl. Total advertising. sales salaries and commissmns. and shipping expenses were $220,000, $460,000, and $125000. respectively. 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.) ::| Check my work 4 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: Direot material: 4 pounds at $9.00 per pound $ 36.00 Parg4of15 Direct labor: 3 hours at $15 per hour 45.00 _ Variable overhead: 3 hours at $6 per hour 10.00 Total standard variable cost per unit $ 99.00 10 . . Bonus The company also established the foilowmg cost formulas for its selling expenses: Variable Fixed Cost Cost per a per Month Unit Sold PM\" Advertising 3; 210,000 sales salaries and commissions $ 120,000 $ 13.00 shipping expenses $ 4.00 The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31.000 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All ofthis material was used in production. b. Direct-laborers worked 56.000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commiSSions, and shipping expenses were $220,000, $460,000. and $125,000, respectively. 4. If Preble had purchased 171.000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity 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.) :: 5 Part 50(15 10 points H Print 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: 4 pounds at $9.99 per pound $ 35.99 Direct labor: 3 hours at $15 per hour 45.99 Variable overhead: 3 hours at $6 per hour 19.99 Total standard variable cost per unit $ 99.99 The company also established the following cost formulas for its selling expenses: Variable Fixed cost cost per per Month Unit Sold Advertising $ 219,999 Sales salaries and commissions $ 129,999 3 13.99 Shipping expenses 3 4.99 The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31,000 unis and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All ofthis material was used in production. b. Direct-laborers worked 56.000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125000, res pectiveiy. 5. It Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be 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.) :I':| 6 Part60i15 _ 10 points H Print 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: 4 pounds at $9.00 per pound $ 36.00 Direct labor: 3 hours at $15 per hour 45.00 Variable overhead: 3 hours at $6 per hour 10.00 Total standard variable cost per unit $ 99.00 The company also established the following cost formulas for its selling expenses: Variable Fixed Cost Cost per per Month Unit Sold Advertising 3; 210,000 Sales salaries and commissions $ 120,000 $ 13.00 shipping expenses s 4.00 The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31.000 unis and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All ofthis material was used in production. b. Direct-laborers worked 56,000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. cl. Total advertising. sales salaries and commiSSions. and shipping expenses were $220,000, $460,000. and $125,000. respectively. 6. What direct labor cost would be included in the company's flexible budget for March? :| 7 Part7 OHS 10 points Print 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: 4 pounds at $9.00 per pound $ 36.00 Direct labor: 3 hours at $15 per hour 45.00 Variable overhead: 3 hours at $6 per hour 13.00 Total standard variable cost per unit 3 99.00 The company also established the following cost formulas for its selling expenses: Variable Fixed Cost Cost per per Month Unit Sold Advertising $ 210,000 Sales salaries and commissions $ 126,006 $ 13.00 Shipping expenses as 4.00 The planning budget for March was based on producing and selling 26,000 units. However. during March the company actually produced and sold 31,000 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All ofthis material was used in production. b. Direct-laborers worked 56,000 hours at a rate 013516.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000. $460,000. and $125,000. respectively. 7. What is the direct labor efciency 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.) ::| Check my work 8 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: 4 pounds at $9.00 per pound $ 36. 00 Part 8 of 15 Direct labor : 3 hours at $15 per hour 45 .00 Variable overhead: 3 hours at $6 per hour 18 .00 Total standard variable cost per unit $ 99. 00 10 points The company also established the following cost formulas for its selling expenses: Variable Fixed Cost Cost per per Month Unit Sold Print Advertising $ 210, 000 Sales salaries and commissions $ 120, 000 5 13.00 Shipping expenses $ 4. 00 The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31,000 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 56,000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125,000, respectively. 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 varianceCheck my work 9 [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: Part 9 of 15 Direct material: 4 pounds at $9.00 per pound $ 36. 00 Direct labor : 3 hours at $15 per hour 45 . 00 Variable overhead: 3 hours at $6 per hour 18. 00 10 Total standard variable cost per unit 99 . 00 points The company also established the following cost formulas for its selling expenses: Variable Print Fixed Cost Cost per r Mont Unit Sold Advertising $ 210, 000 Sales salaries and commissions $ 120, 000 $ 13.00 Shipping expenses $ 4. 00 The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31,000 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 56,000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125,000, respectively. 9. What variable manufacturing overhead cost would be included in the company's flexible budget for March? Variable manufacturing overhead cost10 Part 10 of 15 10 points E Print 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: Direot material: 4 pounds at $9.00 per pound $ 36.00 Direct labor: 3 hours at $15 per hour 45.00 Variable overhead: 3 hours at $6 per hour 10.00 Total standard variable cost per unit 3 99.00 The company also established the following cost formulas for its selling expenses: Variable Fixed cost Cost per per Month Unit sold Advertising $ 210,000 Sales salaries and commissions $ 120,000 $ 13.00 Shipping expenses S 4.00 The planning budget for March was based on producing and selling 26,000 units. Howeven during March the company actually produced and sold 31.000 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All ofthis material was used in production. in. Direct-laborers worked 56,000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125,000, respectively. 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.) Check my work 11 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: 4 pounds at $9.90 per pound $ 35.99 Part11oil5 Direct labor: 3 hours at $15 per hour 45.99 Variable overhead: 3 hours at $6 per hour 19.99 Total standard variable cost per unit 3 99.99 10 . . pomls The company also established the followmg cost formulas for its selling expenses: Variable Fixed cost Cost per ' er Month Unit Sold E P Wm Advertising $ 210,990 Sales salaries and commissions $ 120,990 3 13.99 Shipping expenses S 4.99 The planning budget for March was based on producing and selling 26,000 units. Howeven during March the company actually produced and sold 31,000 unis and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All ofthis material was used in production. b. Direct-laborers worked 56.000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125,000, respectively. 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 (i.e., zero variance). Input the amount as a positive value.) ::I 12 Part 12 0115 10 points H Print 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: 4 pounds at $9.96 per pound $ 35.99 Direot labor: 3 hours at $15 per hour 45.99 Variable overhead: 3 hours at $6 per hour 1B.99 Total standard variable cost per unit 3 99.99 The company also established the following cost formulas for its selling expenses: Variable Fixed Cost Cost per per Month Unit sold Advertising $ 218,998 Sales salaries and commissions $ 120,990 $ 13.99 Shipping expenses 5 4.99 The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31.000 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All ofthis material was used in production. b. Direct-laborers worked 56.000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commissmns, and shipping expenses were $220,000, $460,000. and $125,000, respectively. 12. What amounts of advertising, sales salaries and commissions. and shipping expenses would be included in the company's flexible budget for March? Sales salaries and commissions Shipping expenses Ad veriis lng 13 Part 13 0'15 10 points E Print 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: 4 pounds at $9.00 per pound $ 36.00 Direct labor: 3 hours at $15 per hour 45.00 Variable overhead: 3 hours at $6 per hour 10.00 Total standard variable cost per unit $ 99.00 The company also established the following cost formulas for its selling expenses: Variable Fixed cost cost per per Month Unit Sold Advertising $ 210,000 Sales salaries and commissions $ 120,000 $ 13.00 Shipping expenses 3 4.00 The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31,000 unis and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All ofthis material was used in production. b. Direct-laborers worked 56.000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. of. Total advertising, sales salaries and commissions, and shipping expenses were $220,000. $460,000, and 3125.000, respectively. 13. What is the spending variance related to advertising? (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.) 14 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: 4 pounds at $9.96 per pound $ 36.99 Direct labor: 3 hours at $15 per hour 45.99 Part14 of15 variable overhead: 3 hours at $6 per hour 18.99 Total standard variable cost per unit 3 99.99 10 The company also established the following cost formulas for its selling expenses: points Variable Fixed Cost Cost per per Month Unit sold E Advertising 3; 210,990 Pm.\" Sales salaries and commissions $ 129,999 3 13.99 Shipping expenses 3 4.99 The planning budget for March was based on producing and selling 26,000 units. However during March the company actually produced and sold 31.000 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All ofthis material was used in production. b. Direct-laborers worked 56.000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125,000, respectively. 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.) 15 Part 15 ONE 10 points E Print 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: 4 pounds at $9.00 per pound $ 36.00 Direct labor: 3 hours at $15 per hour 45.00 Variable overhead: 3 hours at $6 per hour 13.00 Total standard variable cost per unit $ 99.00 The company also established the following cost formulas for its selling expenses: Variable Fixed Cast cost per per Month Unit Sold Advertising 5 2101000 Sales salaries and commissions S 120,000 3 13.00 Shipping expenses S 4.00 The planning budget for March was based on producing and selling 26.000 unlts. However. during March the company actually produced and sold 31,000 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All ofthis material was used in production. b. Direct-laborers worked 56,000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. cl. Total advertising, sales salaries and commiSSions. and shipping expenses were $220000, $460000. and $125,000. respectively. 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.)