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:

Direct materials: 5 pounds at $8 per pound	$ 40
Direct labor: 4 hours at $15 per hour	60
Variable overhead: 4 hours at $5 per hour	20
Total standard cost per unit	$ 120

The planning budget for March was based on producing and selling 21,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs:

1. Purchased 150,000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production.
2. Direct laborers worked 66,000 hours at a rate of $18 per hour.
3. Total variable manufacturing overhead for the month was $413,820.

Required:

1. What raw materials cost would be included in the companys planning budget for March?

2. What raw materials cost would be included in the companys flexible budget for March?

3. What is the materials price variance for March?

4. What is the materials quantity variance for March?

5. If Preble had purchased 181,000 pounds of materials at $6.40 per pound and used 150,000 pounds in production, what would be the materials price variance for March?

6. If Preble had purchased 181,000 pounds of materials at $6.40 per pound and used 150,000 pounds in production, what would be the materials quantity variance for March?

7. What direct labor cost would be included in the companys planning budget for March?

8. What direct labor cost would be included in the companys flexible budget for March?

9. What is the labor rate variance for March?

10. What is the labor efficiency variance for March?

11. What is the labor spending variance for March?

12. What variable manufacturing overhead cost would be included in the companys planning budget for March?

13. What variable manufacturing overhead cost would be included in the companys flexible budget for March?

14. What is the variable overhead rate variance for March?

15. What is the variable overhead efficiency variance for March?