13. What variable manufacturing overhead cost would be included in the company's fiexible budget for March? 7. What direct labor cost would be included in the company's planning budget for March? 12. What variable manufacturing overhead cost would be included in the company's planning budget for March? 8. What direct labor cost would be included in the company's flexible budget for March? 6. If Preble had purchased 180,000 pounds of materials at $720 per pound and used 155,000 pound in production, what would be the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) 15. What is the variable overhead efficlency 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 (i.e., zero variance.). Input all amounts as positive values.) 11. What is the labor spending variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) 5. If Preble had purchased 180,000 pounds of materlals at $7.20 per pound and used 155,000 pounds in production, what would be the materlals price variance for Morch? (Indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) 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 offect (i.e., zero variance.). Input all amounts as positive values.) 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: The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,800 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct laborers worked 65,000 hours at a rate of $15 per hour. c. Total variable manufacturing overhead for the month was $612,300. 2. What raw materials cost would be included in the company's flexible budget for March? 10. What is the labor efficiency varlance for March? (Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) 4. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) 9. What is the labor rate variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable. and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) 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: The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and soid 24,800 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct laborers worked 65,000 hours at a rate of $15 per hour. c. Total variable manufacturing overhead for the month was $612,300. 3. What is the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) Required information [The following information applies to the questions displayed beiow] 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: The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,800 units and incurred the following costs: o. Purchased 155,000 pounds of row materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct laborers worked 65.000 hours at a rate of $15 per hour. c. Total variable manufocturing overhead for the month was $612,300 Required: 1. What raw materials cost would be included in the company's planning budget for March
