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11. What is the variable overhead rate variance for March? 12. What amounts of advertising, sales salaries and commissions, and shipping expenses would be included
11. What is the variable overhead rate variance for March?
12. What amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the companys flexible budget for March?
13. What is the spending variance related to advertising?
14. What is the spending variance related to sales salaries and commissions?
15. What is the spending variance related to shipping expenses?
Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [The following Information applles to the questions displayed below.] Preble Company manufactures one product. Its varlable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: The company also estabilshed the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 30,000 unlts. However, during March the company actually produced and sold 34,500 units and Incurred the following costs: a. Purchased 150,000 pounds of raw materlals at a cost of $9.20 per pound. All of this materlal was used in production. b. Direct-laborers worked 62,000 hours at a rate of $17.00 per hour. c. Total varlable manufacturing overhead for the month was $390,600. d. Total advertising, sales salarles and commissions, and shipping expenses were $280,000,$490,000, and $185,000, respectivelyStep by Step Solution
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