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: $6$ pounds at $$8$ per pound $ $48$

Direct labor: $4$ hours at $$17$ per hour $68$

Variable overhead: $4$ hours at $$4$ per hour $16$

Total standard cost per unit $ $132$

The planning budget for March was based on producing and selling $19,000$ units. However, during March the company actually produced and sold $24,000$ units and incurred the following costs:

Purchased $160,000$ pounds of raw materials at a cost of $$7\mathrm{.}20$ per pound. All of this material was used in production.

Direct laborers worked $72,000$ hours at a rate of $$18$ per hour.

Total variable manufacturing overhead for the month was $$336,960.$

Foundational $10-2($Algo$)$

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

$3.$ What is 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 $($i$.$e$.,$ zero variance.$).$ Input all amounts as positive values.

$4.$ What is the materials quantity variance for March?

$5.$ If Preble had purchased $187,000$ pounds of materials at $$7\mathrm{.}20$ per pound and used $160,000$ pounds in production, what would be the materials price variance for March?

$6.$ If Preble had purchased $187,000$ pounds of materials at $$7\mathrm{.}20$ per pound and used $160,000$ pounds in production, what would be the materials quantity variance for March?

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

$8.$ What direct labor cost would be included in the company$$s 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 company$$s planning budget for March?

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

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

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