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 $9 00 per pound $ 45 00 Direct labor 3 hours at $18 00 per hour 54 00 Variable overhead 3 hours at $9 00 per hour 27 00 Total standard variable cost per unit $ 126 00 The company also established the following cost formulas for its selling expenses Fixed Cost per Month Variable Cost per Unit Sold Advertising $ 300,000 Sales salaries and commissions $ 220,000 $ 16 00 Shipping expenses $ 4 00 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 68,000 hours at a rate of $19 00 per hour c Total variable manufacturing overhead for the month was $615,000 d Total advertising, sales salaries and commissions, and shipping expenses were $308,000, $614,720, and $106,000, respectively PLEASE ANSWER 1 What direct labor cost would be included in the companys flexible budget for March 2 What is the direct labor efficiency variance for March ( Input the amount as a positive value Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i e , zero variance ) ) 3 What is the direct labor rate variance for March ( Input the amount as a positive value Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i e , zero variance ) ) 4 What variable manufacturing overhead cost would be included in the companys flexible budget for March 5 What is the variable overhead efficiency variance for March ( Input the amount as a positive value Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i e , zero variance ) )

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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

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 $9.00 per pound	$	45.00
Direct labor: 3 hours at $18.00 per hour		54.00
Variable overhead: 3 hours at $9.00 per hour		27.00

Total standard variable cost per unit	$	126.00

The company also established the following cost formulas for its selling expenses:

	Fixed Cost per Month		Variable Cost per Unit Sold
Advertising	$	300,000
Sales salaries and commissions	$	220,000	$	16.00
Shipping expenses			$	4.00

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:

Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production.

Direct-laborers worked 68,000 hours at a rate of $19.00 per hour.

Total variable manufacturing overhead for the month was $615,000.

Total advertising, sales salaries and commissions, and shipping expenses were $308,000, $614,720, and $106,000, respectively.

PLEASE ANSWER:

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

2. What is the direct labor efficiency variance for March? (Input the amount as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.).)

3. What is the direct labor rate variance for March? (Input the amount as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.).)

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

5. What is the variable overhead efficiency variance for March? (Input the amount as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.).)