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! Required information [ The following information applies to the questions displayed below. ] Preble Company manufactures one product. Its variable manufacturing overhead is applied
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 labourhours, and its standard costs per
unit are as follows:
The company planned to produce and sell units in March. However,
during March the company actually produced and sold units and incurred
the following costs:
a Purchased of raw materials at a cost of $ per All of this
material was used in production.
b Direct labour: hours at a rate of $ per hour.
c Total variable manufacturing overhead for the month was $
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 ie zero variance.
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