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 $8.00 per pound Direct labor: 4 hours at $17 per hour Variable overhead: 4 hours at $4 per hour Total standard variable cost per unit $ 48.00 68.00 16.00 $ 132.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per Month Variable Cost per Unit Sold $ 370,000 Advertising Sales salaries and commissions Shipping expenses $440,000 $ 29.00 $ 20.00 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 $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 72,000 hours at a rate of $18.00 per hour. c. Total variable manufacturing overhead for the month was $336,960. d. Total advertising, sales salaries and commissions, and shipping expenses were $374,000, $540,000, and $285,000, respectively. Required: 1. What raw materials cost would be included in the company's flexible budget for March? Raw material cost 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 $8.00 per pound Direct labor: 4 hours at $17 per hour Variable overhead: 4 hours at $4 per hour Total standard variable cost per unit $48.00 68.00 16.00 $ 132.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per Month Variable Cost per Unit Sold ces Advertising Sales salaries and commissions Shipping expenses $ 370,000 $ 440,000 $ 29.00 $ 20.00 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 $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 72,000 hours at a rate of $18.00 per hour. c. Total variable manufacturing overhead for the month was $336,960. d. Total advertising, sales salaries and commissions, and shipping expenses were $374,000, $540,000, and $285,000. 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.) Materials quantity variance U 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 $8.00 per pound Direct labor: 4 hours at $17 per hour Variable overhead: 4 hours at $4 per hour Total standard variable cost per unit $48.00 68.00 16.00 $132.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per Month Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses $ 370,000 $440,000 $ 29.00 $ 20.00 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 $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 72,000 hours at a rate of $18.00 per hour. c. Total variable manufacturing overhead for the month was $336,960. d. Total advertising, sales salaries and commissions, and shipping expenses were $374,000, $540,000, and $285,000, 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.) Materials price 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 material: 6 pounds at $8.00 per pound Direct labor: 4 hours at $17 per hour Variable overhead: 4 hours at $4 per hour Total standard variable cost per unit $48.00 68.00 16.00 $132.00 The company also established the following cost formulas for its selling expenses: Variable Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month. $ 370,000 $440,000 Cost per Unit Sold $ 29.00 $ 20.00 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 $7.20 per pound. All of this material was used in production b. Direct-laborers worked 72,000 hours at a rate of $18.00 per hour. c. Total variable manufacturing overhead for the month was $336,960. d. Total advertising, sales salaries and commissions, and shipping expenses were $374,000, $540,000, and $285,000, respectively. 4. If Preble had purchased 187,000 pounds of materials at $7.20 per pound and used 160,000 pounds in production, what would be 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.) Materials quantity 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 material: 6 pounds at $8.00 per pound Direct labor: 4 hours at $17 per hour Variable overhead: 4 hours at $4 per hour Total standard variable cost per unit $ 48.00 68.00 16.00 $ 132.00 The company also established the following cost formulas for its selling expenses: Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month Variable Cost per Unit Sold $ 370,000 $440,000 $ 29.00 $ 20.00 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 $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 72,000 hours at a rate of $18.00 per hour. c. Total variable manufacturing overhead for the month was $336,960. d. Total advertising, sales salaries and commissions, and shipping expenses were $374,000, $540,000, and $285,000, respectively. What direct labor cost would be included in the company's flexible budget for March? rect labor cost 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 $8.00 per pound Direct labor: 4 hours at $17 per hour Variable overhead: 4 hours at $4 per hour Total standard variable cost per unit $48.00 68.00 16.00 $132.00 The company also established the following cost formulas for its selling expenses: Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month $370,000 $440,000 Variable Cost peri Unit Sold $ 29.00 $ 20.00 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 $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 72,000 hours at a rate of $18.00 per hour. c. Total variable manufacturing overhead for the month was $336,960. d. Total advertising, sales salaries and commissions, and shipping expenses were $374,000, $540,000, and $285,000, respectively. 7. What is the direct labor 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.). Input the amount as a positive value.) Direct labor efficiency 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 material: 6 pounds at $8.00 per pound Direct labor: 4 hours at $17 per hour Variable overhead: 4 hours at $4 per hour Total standard variable cost per unit $48.00 68.00 16.00 $132.00 The company also established the following cost formulas for its selling expenses: Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month $370,000 $440,000 Variable Cost per Unit Sold $ 29.00 $ 20.00 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 $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 72,000 hours at a rate of $18.00 per hour. c. Total variable manufacturing overhead for the month was $336,960. d. Total advertising, sales salaries and commissions, and shipping expenses were $374,000, $540,000, and $285,000, respectively. 8. What is the direct labor 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.). Input the amount as a positive value.) Direct labor rate variance U Required information The following information applies to the questions displayed below) Preble Company manufactures one product. Es vanable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows Direct material pounds at $0.00 per pound Direct labor hours at $17 per hour Variable overhead hours at 34 per hour Total standard variable cost per unit $48.00 $132.00 The company also established the following cost formulas for its seing expenses Advertising Sales salaries and Shipping expenses Land Cost per Cest Shit old $370,000 $440,000 $29.00 $20.00 The planning budget for March was based on producing and selling 10,000 unins. However, during March the company actually produced and sold 24,000 units and incurred the following costs 8. Purchased 160,000 pounds of raw materials at a cost of $7.20 per pound. All of the material was used in production. b. Direct-laborers worked 72,000 hours at a rate of $18.00 per hour c. Total variable manufacturing overhead for the month was $336,960 d. Total advertising sales salaries and commissions, and shipping expenses were $374,000 $540,000, and $285,000 respectively 9. What variable manufacturing overhead cost would be included in the company's flexible budget for March? Variatie manufacturing had rout 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 $8.00 per pound Direct labor: 4 hours at $17 per hour Variable overhead: 4 hours at $4 per hour Total standard variable cost per unit $48.00 68.00 16.00 $132.00 The company also established the following cost formulas for its selling expenses: Variable Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month Cost per Unit Sold $ 29.00 $ 20.00 $ 370,000 $ 440,000 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 $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 72,000 hours at a rate of $18.00 per hour. c. Total variable manufacturing overhead for the month was $336,960. d. Total advertising, sales salaries and commissions, and shipping expenses were $374,000, $540,000, and $285,000. respectively. 10. What is the variable overhead 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.). Input the amount as a positive value.) Variable overhead efficiency variance