10 Part 10 of 15 Required information (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: 10 points Print Direct material: 5 pounds at $10.00 per pound $ 50.ee Direct labor: 4 hours at $16 per hour 64.00 Variable overhead: 4 hours at $7 per hour 28.00 Total standard variable cost per unit $142.00 The company also established the following cost formulas for its selling expenses Variable Cost per Unit Sold Fixed Cost per Month $220,000 $140,000 Advertising Sales salaries and conmissions Shipping expenses $14.00 $5.00 The planning budget for March was based on producing and selling 20.000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs a. Purchased 164,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production b. Direct laborers worked 57000 hours at a rate of $1700 per hour c. Total variable manufacturing overhead for the month was $653.220, d. Total advertising, sales salaries and commissions, and shipping expenses were $235,000, $465,000, and $135,000, respectively 10. What is the variable overhead efficlency variance for March? (Indicate the effect of each variance by selecting "F" fot favorable. "U" for unfavorable, and "None" for no effect fie., zero variance.). Input the amount as a positive value.) Variable overhead efficiency variance F None U 11 Part 11 of 15 Required information 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: 10 points Print Direct material: 5 pounds at $10.00 per pound $ 58.00 Direct labor: 4 hours at $16 per hour 64.00 Variable overhead: 4 hours at $7 per hour 28.00 Total standard variable cost per unit $142.00 The company also established the following cost formulas for its selling expenses: Variable Fixed Cost Cost per per Month Unit Sold Advertising $220,000 Sales salaries and commissions $140,000 $14.00 Shipping expenses $5.00 The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs: a. Purchased 154.000 pounds of raw materials at a cost of $750 per pound. All of this material was used in production b Direct-taborers worked 57,000 hours at a rate of $17.00 per hour c. Total variable manufacturing overhead for the month was $653.220 d. Total advertising, sales salaries and commissions, and shipping expenses were $235.000, $465.000 and $135.000 respectively 11. What is the variable overhead rate variance for Morch? (Indicate the effect of each variance by selecting "P" for favorable. "U" for unfavorable, and "None" for no effect (.e., zero variance.). Input the amount as a positive value.) Variable overhead rate variance F None U
