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 20,000 units. However, during March the company actually produced and sold 24,800 units and incurred the following costs: a. Purchased 155.000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct laborers worked 65,000 hours at a rate of $15 per hour. c. Total variable manufacturing overhead for the month was $612,300. 1. What is the labor spending variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for nfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) 10. What is the labor 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 all amounts as positive values.) 12. What variable manufacturing overhead cost would be included in the company's planning budget for March? 13. What varlable manufacturing overhead cost would be included in the company's flexible budget for March? Answer is complete but not entirely correct. 14. What is the variable overhead rate variance for Morch? (Round the actual overhead rate to two decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance.). Input all amounts as positive values.) 15. What is the variable overhead efficiency variance for March? (Round the actual overhead rate to two decimal places. 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.)