12. What variable manufacturing overhead cost would be included in the company's planning budget for March? Variable manufacturing overhead cost 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: Direct materials: 5 pounds at $7 per pound Direct labori 3 hours at $16 per hour Variable overhead: 3 hours at $4 per hour Total standard cost per unit $ 35 48 12 $ 95 The planning budget for March was based on producing and selling 30,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $340,090. 13. What variable manufacturing overhead cost would be included in the company's flexible budget for March? Variable manufacturing overhead cost 14. What is the variable overhead rate variance for March? (Round the actual overhead rate to two decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance.). Input all amounts as positive values.) Variable overhead rate variance 15. What is the variable overhead efficiency variance for March? (Round the actual overhead rate to two decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance.), Input all amounts as positive values.) Variable overhead efficiency variance