Required information {The folio wing information applies to the questions dismayed bellow} 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: 9 pounds at $3.99 per pound $ 48.99 Direct labor: 3 hours at $14 per hour 42.99 Variable overhead: 3 hours at $5 per hour 15.99 Total standard variable cost per unit 5 135-99 The company also established the following cost formulas for its selling expenses: Variable Fixed Cost per Cost per Month Unit Sold Advertising $ 259,009 Sales salaries and commissions $ 299,099 $ 12.99 Shipping expenses $ 8.99 The planning budget for March was based on producing and selling 19,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $2.20 per pound. All ofthis material was used in production. b. Direct-laborers worked 60,000 hours at a rate of $15.00 per hour. c. Total variable manufacturing overhead for the month was $336,600. d. Total advertising, sales salaries and commissions, and shipping expenses were $260,000, $480,000, and $165,000, respectively. Required: 1. What raw materials cost would be included in the company's flexible budget for March? _:| Required information [The foil'owing information appl'ies to the questions dismayed bellow] 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: 6 pounds at $3.60 per pound $ 43.00 Direct labor: 3 hours at $14 per hour 42.66 Variable overhead: 3 hours at $5 per hour 15.66 Total standard variable cost per unit 5 195-99 The company,t also established the following cost formulas for its selling expenses: Variable Fixed Cost per Cost per Month Unit Sold Advertising $ 250,006 Sales salaries and commissions $ 268,666 $ 1?.66 Shipping expenses $ 8.66 The planning budget for March was based on producing and selling 19,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $120 per pound. All ofthis material was used in production. b. Directlaborers worked 60,000 hours at a rate of $15.00 per hour. c. Total variable manufacturing overhead for the month was $336,600. d. Total advertising, sales salaries and commissions, and shipping expenses were $260,000, $480,000, and $165,000, respectively. 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.) _::| 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 material: 6 pounds at $8.66 per pound $ 43.66 Direct labor: 3 hours at $14 per hour 42.66 Variable overhead: 3 hours at $5 per hour 15.66 Total standard variable cost per unit 5 195-93 The company also established the following cost formulas for its selling expenses: variable Fixed Cost per Cost per Month Unit Sold Advertising $ 256,666 Sales salaries and commissions $ 266,666 $ 1?.66 Shipping expenses $ 3.66 The planning budget for March was based on producing and selling 19,600 units. However, during March the company actually produced and sold 24,606 units and incurred the following costs: a. Purchased 156,066 pounds of raw materials at a cost of $120 per pound. All ofthis material was used in production. b. Directlaborers worked 60,666 hours at a rate of $15.66 per hour. c. Total variable manufacturing overhead for the month was $336,666. d. Total advertising, sales salaries and commissions, and shipping expenses were $260,660, $486,600, and $165,066, respectively. 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: _::|