Required information

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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct

labour$-$hours, and its standard costs per unit are as follows:

The company planned to produce and sell $25,000$ units in March. However, during March the company actually produced

and sold $30,000$ units and incurred the following costs:

a$.$ Purchased $160,000kg$ of raw materials at a cost of $$7\mathrm{.}50$ per $kg.$ All of this material was used in production.

b$.$ Direct labour: $55,000$ hours at a rate of $$15\mathrm{.}00$ per hour.

c$.$ Total variable manufacturing overhead for the month was $$280,500.$

problems

$2.$ 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.$).)$

$5.$ What is the labour rate 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.$).)$

$6.$ What is the labour efficiency 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.$).)$

$7.$ What is the variable overhead 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.$).)$

$8.$ What is the variable overhead efficiency variance for March? $($Do not round intermediate calculations. Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance.$))$