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: 50:10 Direct material! 6 pounds at $8.00 per pound Direct labor: 3 hours at $14 per hour Variable overhead: 5 hours at 55 per hour Total standard variable cost per unit $ 48.00 42.69 15.00 $105.00 ook The company also established the following cost formulas for its selling expenses: Fixed Cost Variable Cost per Month per Unit Sold Advertising $ 250,000 Sales salaries and commissions $ 200,00 $ 17.00 Shipping expenses $8.00 10 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct laborers worked 60,000 hours at a rate of $15.00 per hour c. Total variable manufacturing overhead for the month was $336,600 d. Total advertising, sales salaries and commissions, and shipping expenses were $260,000, $480,000, and $165,000 respectively Foundational 9-6 6. What direct labor cost would be included in the company's flexible budget for March? 1 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: 6 pounds at $8.00 per pound Direct labor: 3 hours at $14 per hour Variable overhead: 3 hours at $5 per hour Total standard variable cost per unit $48.00 42.00 15.00 $185.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per Month $ 250,000 $ 200,000 Variable cost per unit Sold Advertising Sales salaries and commissions Shipping expenses $ 17.00 $ 8.00 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct laborers worked 60,000 hours at a rate of $15.00 per hour c. Total variable manufacturing overhead for the month was $336,600. d. Total advertising, sales salaries and commissions, and shipping expenses were $260,000, $480,000, and $165,000, respectively. Foundational 9-7 7. What is the direct labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (le, zero variance.). Input the amount as a positive value) Dutabor econoyanance 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: 6 pounds at $8.00 per pound Direct labor: 3 hours at $14 per hour Variable overhead: 3 hours at $5 per hour Total standard variable cost per unit $ 48.00 42.00 15.00 $105.00 The company also established the following cost formulas for its selling expenses: Fixed Cost Variable cost per Month per Unit Sold Advertising $ 250,000 Sales salaries and commissions $ 2ee, eae $ 17.00 Shipping expenses $ 8.00 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: a. Purchased 160,000 pounds of raw materials at a cost of $720 per pound. All of this material was used in production b. Direct-laborers worked 60,000 hours at a rate of $1500 per hour Total variable manufacturing overhead for the month was $336,600. d. Total advertising, sales salaries and commissions, and shipping expenses were $260.000, $480,000, and $165.000 respectively Foundational 9-9 9. What variable manufacturing overhead cost would be included in the company's flexible budget for March? na matang Over questions displayed below. 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: 6 pounds at $8.00 per pound Direct labor: 3 hours at $14 per hour Variable overhead: 3 hours at $5 per hour Total standard variable cost per unit $ 48.00 42.00 15.ee $105.00 The company also established the following cost formulas for its selling expenses: Fixed cost Variable Cost per Month per Unit Sold Advertising $ 250,000 Sales salaries and commissions $ 200,000 $ 17.00 Shipping expenses $ 8.00 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: a. Purchased 160,000 pounds of raw materials at a cost of $720 per pound. All of this material was used in production b. Direct laborers worked 60,000 hours at a rate of $15.00 per hour Total variable manufacturing overhead for the month was $336,600, d. Total advertising, sales salaries and commissions, and shipping expenses were $260,000, $480,000, and $165.000, respectively Foundational 9-10 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 (Le.. zero variance.), Input the amount as a positive value.) Valable overhead efficiency variance 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: 6 pounds at $8.ee per pound Direct labor: 3 hours at $14 per hour Variable overhead: 3 hours at $5 per hour Total standard variable cost per unit $ 48.00 42.ee 15.ee $105.80 The company also established the following cost formulas for its selling expenses: Fixed Cost per Month $ 250,00 $ 200,000 Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses $ 17.00 $ 8.00 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: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct-laborers worked 60,000 hours at a rate of $15.00 per hour c. Total variable manufacturing overhead for the month was $336,600 d Total advertising, sales salaries and commissions, and shipping expenses were $260,000, $480,000, and $165.000, respectively Foundational 9-11 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 effectie, zero variance.). Input the amount as a positive value) w Exercise 9.9 Prepare a Report Showing Revenue and Spending Variances (L09-2] Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following tablo provides dato concerning the company's costs e cost Cost Car Washed Cleaning supplies 50.70 Electricity $1,500 50.00 Maintenance 50.25 es salaries 54,300 Depreciation 58,300 $1,900 51.680 10. For example, electricity costs are $1500 per month plus $0.09 per car washed The company expects to wash 8.300 cars in August and to collect an average of $610 per car washed The actual operating results for August are as follows Income State minded actual cars washed 3,400 592210 Marine naries Depreciation 6,310 2,115 7,150 2,100 2.100 1.802 2224 rating Required Co the company's cover and spending vices for August indicate the effect of each wariance by selecting twurf unfavorable, and one for no effectie. Der variance Input all amounts es positive values. Doord