Required information 15 [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: Direct materials: 4 pounds at $10 per pound Direct labor: 2 hours at $16 per hour variable overhead: 2 hours at $6 per hour Total standard cost per unit $40 32 12 $ 84 The planning budget for March was based on producing and selling 30.000 units. However, during March the company actually produced and sold 34,500 units and incurred the following costs a Purchased 150,000 pounds of raw materials at a cost of $9.20 per pound. All of this material was used in production. b. Direct laborers worked 62,000 hours at a rate of $17 per hour c. Total variable manufacturing overhead for the month was $390,600 11. What is the labor spending 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.) Labor spending variance Required Information [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: Direct materials: 4 pounds at $10 per pound Direct labor: 2 hours at $16 per hour variable overhead: 2 hours at $6 per hour Total standard cost per unit $:40 32 12 $84 The planning budget for March was based on producing and selling 30,000 units. However, during March the company actually produced and sold 34,500 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $9.20 per pound. All of this material was used in production b. Direct laborers worked 62,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $390.600. 12. What variable manufacturing overhead cost would be included in the company's planning budget for March? Variable manufacturing overhead cost 13 rt 13 of 15 nits Required Information [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: Direct materials: 4 pounds at $10 per pound Direct labor: 2 hours at $16 per hour Variable overhead: 2 hours at $6 per hour Skipped Total standard cost per unit $ 40 32 12 $ 84 eBook Print eferences The planning budget for March was based on producing and selling 30.000 units. However, during March the company actually produced and sold 34.500 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $9.20 per pound. All of this material was used in production. b. Direct laborers worked 62.000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $390,600 13. What variable manufacturing overhead cost would be included in the company's flexible budget for March? Variable manufacturing overhead cost apter 10 Foundational 15 14 Required Information t 14 of 15 [The following information applies to the questions displayed below] Saved Book Print erences 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 materials: 4 pounds at $10 per pound Direct labor: 2 hours at $16 per hour Variable overhead: 2 hours at $6 per hour Total standard cost per unit $.40 32 12 $84 The planning budget for March was based on producing and selling 30,000 units. However, during March the company actually produced and sold 34,500 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $9.20 per pound. All of this material was used in production b. Direct laborers worked 62,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $390.600 14. What is the variable overhead rate variance for March? (Round the actual overhead rate to two decimal places. Indicate the effect of each verlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlance.). Input all amounts as positive values.) Variable overhead rate variance OT of 15 nces Required Information. [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: Direct materials: 4 pounds at $10 per pound Direct labor: 2 hours at $16 per hour Variable overhead: 2 hours at $6 per hour Total standard cost per unit $ 40 32 12 $ 84 The planning budget for March was based on producing and selling 30,000 units. However, during March the company actually produced and sold 34,500 units and incurred the following costs a. Purchased 150,000 pounds of raw materials at a cost of $9.20 per pound. All of this material was used in production. b. Direct laborers worked 62,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $390.600. 15. What is the variable overhead efficiency variance for March? (Round the actual overhead rate to two decimal places. Indicate the effect of each verlence by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input all amounts es positive values.) Variable overhead efficiency vanance