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ANSWER THE NUMBERED QUESTIONS ( 1 - 1 1 ) : 1 . What raw materials cost would be included in the company s planning

ANSWER THE NUMBERED QUESTIONS (1-11):
1. What raw materials cost would be included in the companys planning budget for March? 2. What raw materials cost would be included in the companys flexible budget for March? 3. What is the materials price variance for March? 4. What is the materials quantity variance for March? 5. If Preble had purchased 174,000 pounds of materials at $8.50 per pound and used 160,000 pounds in production, what would be the materials price variance for March? 6. If Preble had purchased 174,000 pounds of materials at $8.50 per pound and used 160,000 pounds in production, what would be the materials quantity variance for March? 7. What direct labor cost would be included in the companys planning budget for March? 8. What direct labor cost would be included in the companys flexible budget for March? 9. What is the labor rate variance for March? 10. What is the labor efficiency variance for March? 11. What is the labor spending variance for March?
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