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Preblr company manufactures one product. it's variable manufacturing overhead is applied to production based on direct labor hours and a standard cost card per unit
Preblr company manufactures one product. it's variable manufacturing overhead is applied to production based on direct labor hours and a standard cost card per unit is as follows.
The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [The following information applies to the 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: The company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and setling 28,000 units. However, during March the company actually produced and sold 33,000 units and incurred the following costs: a. Purchased 165,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 58.000 hours at a rate of $13.00 per hour. c. Total variable manufacturing overhead for the month was $729,060. d. Total advertising. sales salaries and commissions, and shipping expenses were $240,000,$470,000, and $145,000, respectively. Ihe planning budget for March was based on producing and selling 28,000 units. However, during March the company actually produced and sold 33,000 units and incurred the following costs: a. Purchased 165,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct-laborers worked 58,000 hours at a rate of $13.00 per hour. c. Total variable manufacturing overhead for the month was $729,060 d. Total advertising, sales salaries and commissions, and shipping expenses were $240,000,$470,000, and $145,000. respectively. Foundational 9-1 (Algo) Required: 1. What raw materials cost would be included in the company's fleable budget for March? The planning budget for March was based on producing and selling 28,000 units. However, during March the company actually produced and sold 33,000 units and incurred the following costs: a. Purchased 165,000 pounds of raw materials at a cost of $7,20 per pound. All of this material was used in production. b. Direct-laborers worked 58,000 hours at a rate of $13.00 per hour. c. Total variable manufacturing overhead for the month was $729,060. d. Total advertising, sales salaries and commissions, and shipping expenses were $240,000,$470,000, and $145,000, respectively. Goundational 9-12 (Algo) 12. What amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the company's flexible budget for March also need to find materials quantity variance, materials price variance, direct labor cost, direct labor efficiency variance, direct labor rate variance, variables manufacturing overhead cost, variable overhead efficiency variance, variable overhead rate variance, spending variance related to advertising, and spending variance related to sales salaries and commissions.
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