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 21.000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413,820. What is the materials price 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 volues.) 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 21,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413,820. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for nfovorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) 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 21,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413,820. 2. What raw materials cost would be included in the company's flexible budget for March? 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 21,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $6,40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413,820. 8. What direct labor cost would be included in the company's flexible budget for March? Preble Company manufactures one product. Its varlable 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 21,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413,820. 5. If Preble had purchased 181,000 pounds of materials at $6.40 per pound and used 150,000 pounds in production. what would be the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, " U " for unfovorable, and "None" for no effect (i.e., zero voriance.). Input all omounts as positive values.) 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 21,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413.820. Required: Required: 1. What raw materials cost would be included in the company's planning budget for March? 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 21,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413,820. 5. What is the variable overhead efficiency vatiance for March? (Round the actual overhead rate to two decimal places. Indicate the ffect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all mounts os positive values.) Preble Company manufactures one product. Its varlable 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 21,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 150.000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production. b. Direct laborers worked 66.000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413.820. 3. What varlable manufacturing overhead cost would be included in the company's flexible budget for March? 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 21,000 units. However, during March the company actually produced and sold 24.000 units and incurred the following costs: a. Purchased 150.000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hour: c. Total varlable manufacturing overhead for the month was $413,820. What is the variable overhead rate varlance for March? (Round the actuol overhead rate to two decimal places. Indicate the effect f each voriance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all mounts os positive values.) 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 21,000 units. However, during March the company actually produced and sold 24.000 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $6,40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413,820. 6. If Preble had purchased 181,000 pounds of materials at $6.40 per pound and used 150,000 pounds in production, what would be the materials quantity variance for March? (Indicate the effect of each variance by selecting " F " for favorable, " U " for unfovorable, ond "None" for no effect (i.e., zero varionce.). Input all amounts as positive values.) Preble Company manufactures one product. Its varlable 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 21,000 units. However, during March the company actually produced and soid 24,000 units and incurred the following cosis: a. Purchased 150.000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413,820. What is the labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for fovorable, "U" for favorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) 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 21.000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 150.000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413,820. What variable manufacturing overhead cost would be included in the company's planning budget for March? 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 21,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 150.000 pounds of raw materials at a cost of $6,40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hout. c. Total variable manufacturing overhead for the month was $413.820. What is the labor rate variance for March? (Indicote the effect of each voriance by selecting "F" for favorable, "U" for unfavorable, ad "None" for no effect (i.e., zero vorionce.). Input all omounts as positive volues.) 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 21.000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 150.000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production. b. Direct laborers worked 66.000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413,820. 7. What direct labor cost would be included in the company's planning budget for March