LO10-1, LO10-2, LO10-3 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 25,000 units. However, during March the company actually produced and sold 30,000 units and incurred the following costs: 3. What is the materials price variance for March? 4. What is the materials quantity variance for March? 9. What is the labor rate variance for March? 10. What is the labor efficiency variance for March? 14. What is the variable overhead rate variance for March? 15. 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 laborhours and its standard cost card per unit is as follows: The planning budget for March was based on producing and selling 25.000 units. However, during March the company actually produced and sold 30.000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production. b. Direct laborers worked 55,000 hours at a rate of 515,00 per hour. c. Total vatiable manufacturing overhead for the month was $280,500