1.What raw materials cost would be included in the companys flexible budget for March?

2.What is the materials quantity variance for March?

3. What is the materials price variance for March?

4. If Preble had purchased 175,000 pounds of materials at $7 per pound and used 160,000 pounds in production, what would be the materials quantity variance for March?

5. If Preble had purchased 175,000 pounds of materials at $7.20 per pound and used 160,000 pounds in production, what would be the materials price variance for March?

6. What direct labor cost would be included in the companys flexible budget for March?

7. What is the direct labor efficiency variance for March?

8. What is the direct labor rate variance for March?

9. What variable manufacturing overhead cost would be included in the companys flexible budget for March?

The following Information applies to the questions displayed below.j Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unlt is as follows: Direct materlal: 6 pounds at $8.00 per pound Direct labor: 3 hours at $13.00 per hour Varlable overhead: 3 hours at $5.00 per hour 48.00 39.00 15.00 Total standard varlable cost per unit $102.00 The company also established the following cost formulas for Its selling expenses: FIxed Cost per Month $250,000 $100,000 Varlable Cost per Unlt Sold Advertising Sales salarles and commissions Shlpping expenses $11.00 $4.00 The planning budget for March was based on producing and selling 19,000 units. However, during March the company actually produced and sold 24,000 units and Incurred the following costs: a. Purchased 160,000 pounds of raw materlals at a cost of $7.20 per pound. All of this material was used In production. b. Direct-laborers worked 60,000 hours at a rate of $14.00 per hour c. Total varlable manufacturing overhead for the month was $336,600 d. Total advertising, sales salarles and commissions, and shlpping expenses were $259,000, $336,600, and $120,000, respectively