hapter 8 Assignment Questions 1-15 (of 15)> The following information applies to the questions displeyed below Preble Company menufactur es one product. Its variable manufacturing overhead is applied to production based on direct iabor-hours and its standerd cost card per unit is as follows Direct material: 6 pounds at $9.00 per pound$54.00 Direct labor: 5 hours at $13.00 per hour Varlable overhead:5 hours at $3.00 per hour 65.00 15.00 Total standerd varlable cost per unit $134.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per Variable Cost Monthper Unit Sold Advertising Sales salaries and commissions Shipping expenses $260,000 5 120000 100 S 4.00 The planning budget for March was based on producing and seing 20,000 units However, during March the company actually produced and sold 25.000 units and incurred the following costs unts a. Purchased 180,000 pounds of raw materials at a cost of $7.50 per pound. All of this matenal was used in production. Direct-laborers worked 115,000 hours at a rate of $14.00 per hour Total variable manufacturing overhead for the month was $350.250. b. c. d. Total edvertsing, sales salanies and commissions, and shipping expenses were $267000, $350,750, $105,000, respectively value 10.00 points