HELP!! 2-15 please show work!
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: 4 pounds at $9.00 per pound Direct labor: 3 hours at $12 per hour Variable overhead: 3 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 $36.00 36.00 24.00 $ 96.00 Variable Fixed Cost per Cost per Month Unit Sold $ 230,000 $ 160,000 Materials quantity variance $ 15.00 $ 6.00 The planning budget for March was based on producing and selling 28,000 units. However, during March the company actually produced and sold 33,000 units and incurred the following costs: a. Purchased 165,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 58,000 hours at a rate of $13.00 per hour. c. Total variable manufacturing overhead for the month was $729,060. d. Total advertising, sales salaries and commissions, and shipping expenses were $240,000, $470,000, and $145,000, respectively.
10. What is the variable overhead efficiency variance for March? (Indicate the effect of each variance by selecting "F" for fovorable. "U. for unfavorable, and "None" for no effect (i.e, zero variance.). Input the omount as o positive value.) 5 it Preble had purchased 173,000 pounds of materals at $7,20 per pound and used 165,000 pounds in production, what would be the materials poce variance for March? (indicote the effect of each variance by selecting "F" for fovorable, " U " for unfovorable, ond "None" for no effect (i.e, zero variance.). Input the amount os a positive value.) 8. What is the direct labor rate variance for March? (Indicate the effect of each variance by selecting "F" for fovoroble, "U" for unfovoroble, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) 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 company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 28,000 units. However, during March the company actually produced and sold 33,000 units and incurred the following costs. a. Purchased 165.000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 58,000 hours at a rate of $13,00 per hour c. Total variable manufacturing overhead for the month was $729,060 d. Total advertising, sales salaries and commissions, and shipping expenses were $240,000,$470,000, and $145,000. respectively. 2. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) 13. What is the spending variance related to advertising? (Indicote the effect of each variance by selecting "F" for fovorable, " U " for unfovorable, and "None" for no effect (i.e., zero variance.). Input the omount os a positive volue.) 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 laborhours and its standard cost card per unit is as follows: The company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 28,000 units. However, during March the company actually produced and sold 33,000 units and incurred the following costs: a. Purchased 165,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 58,000 hours at a rate of $13,00 per hour. c. Total variable manufacturing overhead for the month was $729.060 d. Total advertising, sales salaries and commissions, and shipping expenses were $240,000,$470,000, and $145,000, respectively. What is the materials price variance for March? (Indicate the effect of each varionce by selecting "F" for favoroble, "U" for infovoroble, and "None" for no effect (i.e., zero voriance.). Input the amount as a positive value.) 6. What direct labor cost would be included in the company's flexible budget for March? 14. What is the spending vanance related to sales salaries and commissions? (Indicate the effect of each voriance by selecting "F" for fovorable, "U" for unfovoroble, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) What variable manufacturing overhead cost would be included in the company's flexible budget for March? 4. If Preble had purchased 173,000 pounds of materials at $7.20 per pound and used 165,000 pounds in production, what would be the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance.). Input the omount as o positive value.) 12. What amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the company's flexible budget for March? 11. What is the variable overhead rate variance for March? (Indicate the effect of eoch variance by selecting "F" for favorable, "U" for unfovoroble, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) 7. What is the direct labor efficiency variance for March? (Indicate the effect of each voriance by selecting "F" for fovorable, " U " for unfovoroble, and "None" for no effect (i.e., zero variance.). Input the omount os a positive value.) 10. What is the variable overhead efficiency variance for March? (Indicate the effect of each variance by selecting "F" for fovorable. "U. for unfavorable, and "None" for no effect (i.e, zero variance.). Input the omount as o positive value.) 5 it Preble had purchased 173,000 pounds of materals at $7,20 per pound and used 165,000 pounds in production, what would be the materials poce variance for March? (indicote the effect of each variance by selecting "F" for fovorable, " U " for unfovorable, ond "None" for no effect (i.e, zero variance.). Input the amount os a positive value.) 8. What is the direct labor rate variance for March? (Indicate the effect of each variance by selecting "F" for fovoroble, "U" for unfovoroble, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) 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 company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 28,000 units. However, during March the company actually produced and sold 33,000 units and incurred the following costs. a. Purchased 165.000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 58,000 hours at a rate of $13,00 per hour c. Total variable manufacturing overhead for the month was $729,060 d. Total advertising, sales salaries and commissions, and shipping expenses were $240,000,$470,000, and $145,000. respectively. 2. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) 13. What is the spending variance related to advertising? (Indicote the effect of each variance by selecting "F" for fovorable, " U " for unfovorable, and "None" for no effect (i.e., zero variance.). Input the omount os a positive volue.) 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 laborhours and its standard cost card per unit is as follows: The company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 28,000 units. However, during March the company actually produced and sold 33,000 units and incurred the following costs: a. Purchased 165,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 58,000 hours at a rate of $13,00 per hour. c. Total variable manufacturing overhead for the month was $729.060 d. Total advertising, sales salaries and commissions, and shipping expenses were $240,000,$470,000, and $145,000, respectively. What is the materials price variance for March? (Indicate the effect of each varionce by selecting "F" for favoroble, "U" for infovoroble, and "None" for no effect (i.e., zero voriance.). Input the amount as a positive value.) 6. What direct labor cost would be included in the company's flexible budget for March? 14. What is the spending vanance related to sales salaries and commissions? (Indicate the effect of each voriance by selecting "F" for fovorable, "U" for unfovoroble, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) What variable manufacturing overhead cost would be included in the company's flexible budget for March? 4. If Preble had purchased 173,000 pounds of materials at $7.20 per pound and used 165,000 pounds in production, what would be the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance.). Input the omount as o positive value.) 12. What amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the company's flexible budget for March? 11. What is the variable overhead rate variance for March? (Indicate the effect of eoch variance by selecting "F" for favorable, "U" for unfovoroble, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) 7. What is the direct labor efficiency variance for March? (Indicate the effect of each voriance by selecting "F" for fovorable, " U " for unfovoroble, and "None" for no effect (i.e., zero variance.). Input the omount os a positive value.)