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 30,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production. b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $340,090. Required: 1. What raw materials cost would be included in the company's planning budget 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 30,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production. b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $340.090. 2. What raw materials 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 standard cost card per unit is as follows: The planning budget for March was based on producing and selling 30,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175.000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production. b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $340,090 3. What ts the materials price variance for March? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" 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 30,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production. b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $340,090 What is the materials quantity variance for March? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all omounts 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 30,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production. b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $340,090. 5. If Preble had purchased 186.000 pounds of materials at $6.80 per pound and used 175,000 pounds in production, what would be the materials price variance for March? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" 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 30,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production. b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $340,090. 6. If Preble had purchased 186,000 pounds of materials at $6.80 per pound and used 175,000 pounds in production, what would be the materials quantity variance for March? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.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 30.000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production. b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $340,090. 7. What direct labor cost would be included in the company's planning budget 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 30,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production: b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $340,090 8. What direct labor cost would be included in the compony'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 standard cost card per unit is as follows: The planning budget for March was based on producing and selling 30.000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: 6. Purchased 175.000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in producticat: b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total varieble manufacturing overhesd for the month was $340,090. 9. What is the labor rate variance for March? Note: indicete the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le,, reco 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 30,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production. b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $340,090. 10. What is the labor efficiency variance for March? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le., 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 30,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175.000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production. b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable monufacturing overhead for the month was $340,090 11. What is the labor spending variance for March? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect die, 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 30,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production. b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $340,090. 12. What variable manufacturing overhead cost would be included in the company's planning budget 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 30.000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production. b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month wos $340,090. 13. 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 standard cost card per unit is as follows: The planning budget for March was based on producing and selling 30.000 units. However, during March the company actuelly produced and sold 34,000 units and incurred the following costs: a. Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in prodiction. b. Direct laborers worked 71,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $340,090 14. What is the varioble overhead rate variance for March? Note: Pound the actual overhead rate to two decimal places. Indicate the effect of each variance by selecting "f- for faverable, "U" for unfavorable, and "None" for no effect (i.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 30,000 units. However, during March the compary actually produced and sold 34.000 units and incurred the following costs: a. Purchased 175.000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production. b. Direct laborers worked 71,000 hours at a rate of $17 per hour c. Total variable manufacturing overhead for the month was $340,090. 15. What is the varioble overhead efticiency variance for March? Note: Round the actual overhead rate to two decimal places. Indicate the effect of each variance by selecting "F" for faverable. "U" for unfevorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values