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can someone help? Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card
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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: 6 pounds at $8.00 per pound Direct labor: 3 hours at $14 per hour Variable overhead: 3 hours at $5 per hour Total standard variable cost per unit $ 48.00 42.ee 15.00 $105.ee The company also established the following cost formulas for its selling expenses Fixed cost Variable cost per Month per Unit Sold Advertising $ 250,000 Sales salaries and commissions $ 280,00 Shipping expenses 8.ee $ 17.00 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 materials at a cost of $720 per pound. All of this material was used in production b. Direct-laborers worked 60,000 hours at a rate of $15.00 per hour, C. Total variable manufacturing overhead for the month was $336,600, d. Total advertising, sales salaries and commissions, and shipping expenses were $260,000, $480,000, and $165,000, respectively 10. What is the variable overhead efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance.). Input the amount as a positive value.) Variablo ovochond efficiency Vanco 11. What is the variable overhead 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 the amount as a positive value.) Variable overhead rate vananco 12. What amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the company's Mexible budget for March? Advertising Sales salaries and commissions Shipping expenses Step by Step Solution
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