ASAP FULL ANWSERS
FOUNDATIONAL
Required Information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $10.00 per pound Direct labor: 5 hours at $13 per hour variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Advertising sales salaries and commissions shipping expenses $ 80.00 65.00 40.00 $ 185.00 Variable Fixed Cost per Cost per Month Unit Sold $ 290,000 $ 280,000 Direct labor cost $ 21.00 $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17,000 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000, $500,000, and $205,000, respectively. Foundational 9-6 (Algo) 6. What direct labor cost would be included in the company's flexible budget for March? Required Information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $10.00 per pound Direct labor: 5 hours at $13 per hour variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Variable Cost per Unit sold Advertising Sales salaries and commissions Shipping expenses $ 80.00 65.00 40.00 $185.00 Fixed Cost per Month $ 290,000 $ 280,000 $ 21.00 $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17,000 units and Incurred the following costs: Direct labor efficiency variance a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000, $500,000, and $205,000, respectively. 2 Foundational 9-7 (Algo) 7. What is the direct labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.) Required Information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $10.00 per pound Direct labor: 5 hours at $13 per hour Variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Sold Advertising sales salaries and commissions Shipping expenses Fixed cost per Month $ 80.00 65.00 40.00 $185.00 $ 290,000 $ 280,000 Direct labor rate variance $ 21.00 $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17,000 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300.000. $500,000, and $205,000, respectively. Foundational 9-8 (Algo) 8. What is the direct labor rate variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.) Required Information, The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $1e.ee per pound Direct labor: 5 hours at $13 per hour Variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Variable cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month $ 80.00 65.00 40.00 $ 185.00 $ 290,000 $ 280,000 $ 21.00 $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17.000 units and incurred the following costs: Advertising Sales salaries and commissions Shipping expenses a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000, $500,000, and $205,000, respectively. Foundational 9-12 (Algo) 12. What amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the company's flexible budget for March? Required Information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $1e.ee per pound Direct labor: 5 hours at $13 per hour variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Advertising Sales salaries and commissions Shipping expenses $ 80.00 65.00 40.00 $ 185.00 Fixed Cost per Month $ 290,000 $ 280,000 Variable Cost per Unit Sold $ 21.00 $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17,000 units and incurred the following costs: Spending variance related to advertising a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000. $500,000, and $205.000, respectively. Foundational 9-13 (Algo) 13. What is the spending varlance related to advertising? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.) Required Information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $1e.ee per pound Direct labor: 5 hours at $13 per hour variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Variable cost per Unit Sold Advertising Sales salaries and commissions shipping expenses Fixed Cost per Month $ 80.00 65.00 40.00 $185.00 $ 290,000 $ 280,000 $ 21.00. $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17,000 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000. $500,000, and $205,000, respectively. Foundational 9-14 (Algo) 14. What is the spending variance related to sales salaries and commissions? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.) 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $10.ee per pound Direct labor: 5 hours at $13 per hour Variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Advertising Sales salaries and commissions Shipping expenses $ 80.00 65.00 40.00 $ 185.00 Variable Fixed Cost per Cost per Month Unit Sold $ 290,000 $ 280,000 Spending variance related to shipping expenses $ 21.00 $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17.000 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000. $500,000, and $205,000, respectively. Foundational 9-15 (Algo) 15. What is the spending varlance related to shipping expenses? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.) Required Information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $10.00 per pound Direct labor: 5 hours at $13 per hour variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Advertising sales salaries and commissions shipping expenses $ 80.00 65.00 40.00 $ 185.00 Variable Fixed Cost per Cost per Month Unit Sold $ 290,000 $ 280,000 Direct labor cost $ 21.00 $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17,000 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000, $500,000, and $205,000, respectively. Foundational 9-6 (Algo) 6. What direct labor cost would be included in the company's flexible budget for March? Required Information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $10.00 per pound Direct labor: 5 hours at $13 per hour variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Variable Cost per Unit sold Advertising Sales salaries and commissions Shipping expenses $ 80.00 65.00 40.00 $185.00 Fixed Cost per Month $ 290,000 $ 280,000 $ 21.00 $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17,000 units and Incurred the following costs: Direct labor efficiency variance a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000, $500,000, and $205,000, respectively. 2 Foundational 9-7 (Algo) 7. What is the direct labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.) Required Information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $10.00 per pound Direct labor: 5 hours at $13 per hour Variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Sold Advertising sales salaries and commissions Shipping expenses Fixed cost per Month $ 80.00 65.00 40.00 $185.00 $ 290,000 $ 280,000 Direct labor rate variance $ 21.00 $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17,000 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300.000. $500,000, and $205,000, respectively. Foundational 9-8 (Algo) 8. What is the direct labor rate variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.) Required Information, The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $1e.ee per pound Direct labor: 5 hours at $13 per hour Variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Variable cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month $ 80.00 65.00 40.00 $ 185.00 $ 290,000 $ 280,000 $ 21.00 $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17.000 units and incurred the following costs: Advertising Sales salaries and commissions Shipping expenses a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000, $500,000, and $205,000, respectively. Foundational 9-12 (Algo) 12. What amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the company's flexible budget for March? Required Information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $1e.ee per pound Direct labor: 5 hours at $13 per hour variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Advertising Sales salaries and commissions Shipping expenses $ 80.00 65.00 40.00 $ 185.00 Fixed Cost per Month $ 290,000 $ 280,000 Variable Cost per Unit Sold $ 21.00 $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17,000 units and incurred the following costs: Spending variance related to advertising a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000. $500,000, and $205.000, respectively. Foundational 9-13 (Algo) 13. What is the spending varlance related to advertising? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.) Required Information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $1e.ee per pound Direct labor: 5 hours at $13 per hour variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Variable cost per Unit Sold Advertising Sales salaries and commissions shipping expenses Fixed Cost per Month $ 80.00 65.00 40.00 $185.00 $ 290,000 $ 280,000 $ 21.00. $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17,000 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000. $500,000, and $205,000, respectively. Foundational 9-14 (Algo) 14. What is the spending variance related to sales salaries and commissions? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.) 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 8 pounds at $10.ee per pound Direct labor: 5 hours at $13 per hour Variable overhead: 5 hours at $8 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Advertising Sales salaries and commissions Shipping expenses $ 80.00 65.00 40.00 $ 185.00 Variable Fixed Cost per Cost per Month Unit Sold $ 290,000 $ 280,000 Spending variance related to shipping expenses $ 21.00 $ 12.00 The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17.000 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000. $500,000, and $205,000, respectively. Foundational 9-15 (Algo) 15. What is the spending varlance related to shipping expenses? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.)
