Please answer the following problems:
Required information Jfi'ne foiiowing information appiies to the questions o'ispiayeo' beiowj' Preble Companyr 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 $36.00 Direct labor: 3 hours at $12 per hour 36.00 variable overhead: 3 hours at $8 per hour 24.00 Total standard variable cost per unit 96.00 ' The company...r also established the following cost formulas for its selling expenses: Variable Fixed Cost Cost per per Month Unit Sold Advertising 5 230,000 Sales salaries and commissions $ 160,000 $15.00 Shipping expenses 5 5.00 ' The planning budget for March was based on producing and selling 28.000 units. However. during March the companv actuallyr produced and sold 33.000 units and incurred the following costs: a. Purchased \"165.000 pounds of raw materials at a cost of $120 per pound. illl ofthis 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 $?29.060. d. Total advertising, sales salaries and commissions. and shipping expenses were $240,000. $470,000, and $145,000. respectively. 'I1. What is the variable overhead rate variance for March? {Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect {i.e., zero varianceJ. Input the amount as a positive value.) :i:l 12. What amounts of advertising. sales salaries and commissions. and shipping expenses would be included in the company's flexible budget for March? Advertising Sales salaries and commissions Shipping expenses 13. What is the spending variance related to advertising? {Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect [i.e., zero varianceJ. Input the amount as a positive value.) 14. What is the spending variance related to sales salaries and commissions? (Indicate the effect of each variance by selecting "F" for favorable, "'U" for unfavorable, and "None" for no effect {i.e., zero varianceJ. Input the amount as a positive value.) 15. What is the spending variance related to shipping expenses? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect [i.e., zero variance.:l. Input the amount as a positive value.)