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4. What is the materlals quantlty varlance for March? (Indlcate the effect of each varlance by selectlng F for favorable, U for unfavorable, and None
4. What is the materlals quantlty varlance for March? (Indlcate the effect of each varlance by selectlng "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance.). Input all amounts as positlve values.) 14. What Is the varlable overhead rate varlance for March? (Round the actual overhead rate to two declmal places. Indlcate the effect of each varlance by selectling "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance.). Input all amounts as positive values.) 10. What is the labor efficlency varlance for March? (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance.). Input all amounts as positlve values.) 7. What direct labor cost would be Included In the company's planning budget for March? What is the materlals price varlance for March? (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance.). Input all amounts as positlve values.) 3. What varlable manufacturing overhead cost would be Included In the company's flexible budget for March? 9. What is the labor rate varlance for March? (Inclicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance.). Input all amounts as positlve values.) 2. What varlable manufacturing overhead cost would be Included In the company's planning budget for March? 2. What raw materlals cost would be Included In the company's flexible budget for March? 5. If Preble had purchased 187,000 pounds of materlals at $7.20 per pound and used 160,000 pounds in productlon, what would be the materlals price varlance for March? (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance.). Input all amounts as positlve values.) 15. What Is the varlable overhead efficlency varlance for March? (Round the actual overhead rate to two decimal places. Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance.). Input all amounts as positive values.) 11. What Is the labor spending varlance for March? (Inclicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance.). Input all amounts as positlve values.) 8. What direct labor cost would be Included In the company's flexible budget for March? 6. If Preble had purchased 187,000 pounds of materlals at $7.20 per pound and used 160,000 pounds in production, what would be the materlals quantlty varlance for March? (Inclcate the effect of each varlance by selectling "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance.). Input all amounts as positlve values.) Required Information [The following Information applles to the questions displayed below.] Preble Company manufactures one product. Its varlable manufacturing overhead Is applied to productlon based on direct labor-hours and Its standard cost card per unit is as follows: The planning budget for March was based on producing and selling 19,000 unlts. However, during March the company actually produced and sold 24,000 unlts and Incurred the following costs: a. Purchased 160,000 pounds of raw materlals at a cost of $7.20 per pound. All of this materlal was used in production. b. Direct laborers worked 72,000 hours at a rate of $18 per hour. c. Total varlable manufacturing overhead for the month was $336,960. Requlred: 1. What raw materlals cost would be Included In the company's planning budget for March
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