Pequuled information (The fanlowing in (ovmation applics to the quostions dispiayed beiow. Probio Company manufactures one product. its variable manufacturing overhead is applied to production based on direct laborchours and its standard cost card per unit is as follows. The planning budget for March was based on producing and selling 32.000 units. However, during Mareh the company actually produced and sold 37,000 units and incurred the following costs: a. Purchased 160.000 pounds of raw materials at a cost of $7.40 per pound. All of this material was used in production. b. Direct laborers worked 67000 hours at a rate of $17 per hour. c. Total variable manufacturing ovethead for the month was $422.100. If Proble had purchased 182,000 pounds of materials at $7.40 per pound and used 160,000 pounds in production, what would be materiats price variance for March? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and one" for no effect (l.e,, zero variance.). Input all amounts as positive values.) 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 32.000 units. However, during March the company actually produced and sold 37,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.40 per pound. All of this material was used in production. b. Direct laborers worked 67,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $422,100. If Preble had purchased 182,000 pounds of materials at $7,40 per pound and used 160,000 pounds in production, what would be e materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, d "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) Preble Company manufoctures one product. Its variable manufacturing overhead is applicd 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 32,000 units. However, during March the company actually produced and sold 37,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.40 per pound. All of this material was used in production b. Direct laborers worked 67,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $422,100. 7. What direct fabor cost would be included in the company's planning budiget for March? 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 fabor-hours and its standard cost card per unit is as follows: The planning budget for March was based on producing and selling 32,000 units. However, during March the company actually produced and sold 37,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7,40 per pound. All of this material was used in production. b. Direct laborors worked 67,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $422,100. What is the labor rate variance for March? (Indicnte the effect of each variance by selecting "F" for favorable, "U" for unfavorable, nd "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) Required information The following infomation apples to the questions displaycd below. Preble Company manufactures one product. Its variabio manufacturing overhead is applicd to production based on direct labor-hours and ies standard cost card per unit is as follows: The planning budget for March was based on producing and selling 32,000 units. However, during Mareh the company actually produced and sold 37,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materlais at a cost of $7,40 per pound. All of this material was used in production. b. Direct laborers worked 67,000 hours at a rate of $17 per hour c. Total variable manufacturing overhcad for the month was $422,100. What is the labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for favorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) Required Information The tovowing information applies to the questions displaycd below. Preble Company manufactures one product. its varioble manutacturing overhead is applicd 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 seling 32,000 units. However, during March the company actually produced and sold 37,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.40 per pound. All of this materlal was used in production. b. Direct laborers worked 67,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $422,100. What is the labor spending variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for favorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) Required informotion The pollowing information applies to the questions displayed belowd Preble Company manufactures one product. its variable manufacturing overhead is applied to production based on direct laborehours and its standard cost card per unit is as follows: The planning budget for March was based on producing and selling 32.000 units. Howover, during March the company actually produced and sold 37,000 units and incurred the following costs: a. Purchased 160.000 pounds of raw materials at a cost of $7.40 per pound. All of this material was used in production. b. Direct laborers worked 67,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $422,100. 3. What variable manufacturing overhead cost would be included in the company's flexible budget for March? Preble Company manufactures one product its variable manufacturing overhead is applied to production based on direct labor-hours and its stondard cost card per unit is as followsi The planning budget for March was based on producing and selling 32,000 units. However, during Mareh the company actually produced and sold 37,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.40 per pound. All of this material was used in production. b. Direct laborers worked 67,000 hours at a rate of $17 per hour c. Total variable manufacturing overhead for the month was $422.100. What is the variable overhead rate variance for March? (Round the actual overhead rate to two decimal places, Indicate the effect fach variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all ounts as positive values.) 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 32,000 units. However, during March the company actually produced and sold 37,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.40 per pound. All of this material was used in production. b. Direct laborers worked 67,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $422,100 What is the variable overheed efficiency variance for March? (Round the actual overhead rate to two decimal places. Indicate the ect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all ounts as positive values.)