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1. what raw materials cost would be included in the companys flexible budget for march 2.what is the materials quantity variance for march? F/U/None 3.

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1. what raw materials cost would be included in the companys flexible budget for march
2.what is the materials quantity variance for march? F/U/None
3. whats is the materials price variance for march
4. if preble had purchases 170000 pounds of materials at 7.50 per pound and used 160000 pounds in production what qould be the materials quantity variance for march
5. if preble had purchases 170000 pounds of materials at 7.50 per pound and used 160000 pounds in production what qould be the materials price variance for march
6.what direct labor cosst would ve included in the companys flexible budget
7.what is the direct labor effiency variance
8.what is the direct labor rate variance
9.what cariable manufacturing overhead cost would be included in the companys flexible budget for march
10.what is the variable overhead effiency variance for march
11. what is the variable overhead rate variance
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: 5 pounds at $8.00 per pound Direct labor: 2 hours at $14 per hour Variable overhead: 2 hours at $5 per hour Total standard variable cost per unit $40.00 28.00 10.00 $78.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per Month $ 200,000 $ 100,000 Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses $ 12.00 $ 3.00 The planning budget for March was based on producing and selling 25,000 units. However, during March the company actually produced and sold 30,000 units and incurred the following costs: a. Purchased 160.000 pounds of raw materials at a cost of $750 per pound. All of this material was used in production b. Direct-laborers worked 55,000 hours at a rate of $15.00 per hour. Total variable manufacturing overhead for the month was $280,500. d. Total advertising, sales salaries and commissions, and shipping expenses were $210,000, $455,000, and $115.000, respectively Foundational 9-1

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