Required information Skip to question 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 material 5 pounds at $9 00 per pound $ 45 00 Direct labor 3 hours at $14 per hour 42 00 Variable overhead 3 hours at $8 per hour 24 00 Total standard variable cost per unit $ 111 00 The company also established the following cost formulas for its selling expenses Fixed Cost per Month Variable Cost per Unit Sold Advertising $ 340,000 Sales salaries and commissions $ 380,000 $ 26 00 Shipping expenses $ 17 00 The planning budget for March was based on producing and selling 28,000 units However, during March the company actually produced and sold 34,000 units and incurred the following costs Purchased 180,000 pounds of raw materials at a cost of $8 50 per pound All of this material was used in production Direct laborers worked 69,000 hours at a rate of $15 00 per hour Total variable manufacturing overhead for the month was $565,110 Total advertising, sales salaries and commissions, and shipping expenses were $345,000, $525,000, and $255,000, respectively Required 1 What raw materials cost would be included in the companys flexible budget for March 2 What is the materials quantity 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 the amount as a positive value ) 3 What is the materials price 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 the amount as a positive value ) 6 What direct labor cost would be included in the companys flexible budget for March 7 What is the direct labor efficiency variance for March 8 What is the direct labor rate variance for March

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Required information Skip to question [The following information applies to the questions displayed below.] Preble Company manufactures one product. Its variable manufacturing overhead is applied

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[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 material: 5 pounds at $9.00 per pound	$ 45.00
Direct labor: 3 hours at $14 per hour	42.00
Variable overhead: 3 hours at $8 per hour	24.00
Total standard variable cost per unit	$ 111.00

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

	Fixed Cost per Month	Variable Cost per Unit Sold
Advertising	$ 340,000
Sales salaries and commissions	$ 380,000	$ 26.00
Shipping expenses		$ 17.00

The planning budget for March was based on producing and selling 28,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs:

Purchased 180,000 pounds of raw materials at a cost of $8.50 per pound. All of this material was used in production.

Direct-laborers worked 69,000 hours at a rate of $15.00 per hour.

Total variable manufacturing overhead for the month was $565,110.

Total advertising, sales salaries and commissions, and shipping expenses were $345,000, $525,000, and $255,000, respectively.

Required:

1. What raw materials cost would be included in the companys flexible budget for March?

2. What is the materials quantity 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 the amount as a positive value.)

3. What is the materials price 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 the amount as a positive value.)

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

7. What is the direct labor efficiency variance for March?

8. What is the direct labor rate variance for March?