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 material: 5 pounds at $7.00 per pound Direct labor: 3 hours at $16 per hour Variable overhead: 3 hours at $4 per hour Total standard variable cost per unit $ 35.00 48.00 12.00 $ 95.00 The company also established the following cost formulas for its selling expenses: Variable Fixed Cost Cost per per Month Unit Sold Advertising $360,000 Sales salaries and commissions $ 420,000 $28.00 Shipping expenses $ 19.00 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 $17.00 per hour. c. Total variable manufacturing overhead for the month was $340,090. d. Total advertising, sales salaries and commissions, and shipping expenses were $370,000, $535,000, and $275,000, respectively, 13 i ne company also estadisnea ine tollowing cost formulas for its selling expenses: Variable Fixed Cost Cost per per Month Unit Sold Advertising $360,000 Sales salaries and commissions $ 420,000 $28.00 Shipping expenses $ 19.00 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 $17.00 per hour. c. Total variable manufacturing overhead for the month was $340,090. d. Total advertising, sales salaries and commissions, and shipping expenses were $370,000 $535,000. and $275,000, respectively, Foundational 9-10 (Algo) 10. What is the variable overhead efficiency 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 variance.). Input the amount as a positive value.) Variable overhead officiency variance Check my work Variable Fixed Cost Cost per per Month Unit Sold Advertising $ 360,000 Sales salaries and commissions $ 420,000 $28.00 Shipping expenses $ 19.00 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 $17.00 per hour. c. Total variable manufacturing overhead for the month was $340,090. d. Total advertising, sales salaries and commissions, and shipping expenses were $370,000, $535.000, and $275,000, respectively. Foundational 9-11 (Algo) 11. 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 variance.). Input the amount as a positive value.) Variable overhead rate variance Fixed Cost Cost per per Month Unit Sold Advertising $360,000 Sales salaries and commissions $ 420,000 $ 28.00 Shipping expenses $ 19.00 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: 13 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 $17.00 per hour. c. Total variable manufacturing overhead for the month was $340,090. d. Total advertising, sales salaries and commissions, and shipping expenses were $370,000, $535,000, and $275,000, respectively, Foundational 9-12 (Algo) 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 Check my work Variable Fixed Cost Cost per per Month Unit Sold Advertising $360,000 Sales salaries and conmissions $ 420,000 $ 28.00 Shipping expenses $ 19.00 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 $17.00 per hour. c. Total variable manufacturing overhead for the month was $340,090 d. Total advertising, sales salaries and commissions, and shipping expenses were $370,000, $535.000, and $275,000, respectively, Foundational 9-13 (Algo) 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 variance.), Input the amount as a positive value.) Spending variance related to advertising Variable Fixed Cost Cost per per Month Unit Sold Advertising $360,000 Sales salaries and commissions $ 420,000 $28.00 Shipping expenses $ 19.00 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: 3 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 $17.00 per hour. c. Total variable manufacturing overhead for the month was $340,090. d. Total advertising, sales salaries and commissions, and shipping expenses were $370,000, $S35,000, and $275,000, respectively. Foundational 9-14 (Algo) 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 variance.). Input the amount as a positive value.) Spending variance related to sales salaries and commissions THE LUI Pany aisu ESLAU SHU UE TUIUTY LUSE TULUIOS IUI LS Demy capenses. Variable Fixed Cost Cost per per Month Unit Sold Advertising $ 360,000 Sales salaries and commissions $ 420,000 $28.00 Shipping expenses $ 19.00 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 $17.00 per hour. c. Total variable manufacturing overhead for the month was $340,090. d. Total advertising, sales salaries and commissions, and shipping expenses were $370,000, $535,000, and $275,000, respectively. Foundational 9-15 (Algo) 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.). Input the amount as a positive value.) Spending variance related to shipping expenses