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I need help with the following What raw materials cost would be included in the companys planning budget for March? What raw materials cost would
I need help with the following
- What raw materials cost would be included in the companys planning budget for March?
- What raw materials cost would be included in the companys flexible budget for March?
- What is the materials price variance for March?
- What is the materials quantity variance for March?
- If Preble had purchased 189,000 pounds of materials at $9.50 per pound and used 180,000 pounds in production, what would be the materials price variance for March?
- If Preble had purchased 189,000 pounds of materials at $9.50 per pound and used 180,000 pounds in production, what would be the materials quantity variance for March?
- What direct labor cost would be included in the companys planning budget for March?
- What direct labor cost would be included in the companys flexible budget for March?
- What is the labor rate variance for March?
- What is the labor efficiency variance for March?
- What is the labor spending variance for March?
- What variable manufacturing overhead cost would be included in the companys planning budget for March?
- What variable manufacturing overhead cost would be included in the companys flexible budget for March?
- What is the variable overhead rate variance for March?
- What is the variable overhead efficiency variance for March?
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 planning budget for March was based on producing and selling 29,000 units. However, during March the company actually produced and sold 34,200 units and incurred the following costs: a. Purchased 180,000 pounds of raw materials at a cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 74,000 hours at a rate of $15 per hour. c. Total variable manufacturing overhead for the month was $440,300
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