Required information The following information applies to the questions displayed below] Preble Company manufactures ore product its variable manufacturing overhead is applied to production based on drect acturing overhead is applied to production based on direct Direct material: 6 pounds at $9.00 per pounds 4.00 Direct labor: 3 hours at $15 per hour Variable overhead: 3 houra at $5 per hour 45.00 15.00 $114.00 08 Total standard variable cost per unit The company also established the following cost formulas for its selling expenses Variable Cost per Unit Sold Fixed Coat per Month s 260, 00D s 220,000 Advertising Sales salaries and commissions Shipping expenses $18.00 9.00 The planning budget for March was based on producing and seling 20,000 units. However, during March the company actualy produced and sold 25,000 units and incurred the following costs a Purchase 180,000 pounds of raw materials at a cost of $750 per pound. All of this material was used in production. b. Direct-laborers worked 61,000 hours at a rate of $16.00 per hour c. Total variable manufacturing overhead for the month was $306,220 d. Total advertising, sales salaries and commissions, and shipping expenses were $268,000, $485.000, and $175,000. respectively Required: 1. What raw materials cost would be included in the company's flexible budget for March? Required information [The following information applies to the questions displayed below ne 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 $9.00 per pound s 54.00 Direct labor: 3 hours at $15 per hour Variable overhead: 3 hours at $5 per hour 45.00 15.00 $114.00 Total atandard variable cost per unit The company also established the following cost formulas for its selling expenses Variable Cost per Fixed Cost per Month 260,000 Advertising Sales aslaries and commissions Shipping expenses s220,000 18-00 s 9,00 The planning budget for March was based on producing and selling 20,000 units However, during March the company actually produced and sold 25,000 units and incurred the following costs a Purchased 180,000 pounds of raw materials at a cost of $750 per pound. Al of this material was used in production. b. Direct-laborers worked 61,000 hours at a rate of $16.00 per hour c. Total variable manufacturing overhead for the month was $306,220 d. Total advertising, sales salaries and commissions, and shipping expenses were $268,000, $485,000, and $175,000 respectively 3. What is the materials price variance for March? (Indicete the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect fi.e., zero variance.). Input the amount os o positive value.) Required information The following information applies to the questions displayed belowj 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 $9.00 per pound $ 54.00 Direct 1abor: 3 hours at $15 per hour Variable overhead: 3 hours at 5 per hour Total standard variable cost per unit 45.00 15.00 $114.00 The company also established the following cost formulas for its selling expenses: Variabie Fixed Cosost per per Month nit Sold Advertiaing 260, 000 220,000 18.00 Shipping expenaes $ 9.00 The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 25,000 units and incurred the following costs a. Purchased 180,000 pounds of raw materials at a cost of $750 per pound. All of this material was used in production b. Direct-laborers worked 61,000 hours at a rate of $16.00 per hour c. Total variable manufacturing overhead for the month was $306,220 d. Total advertising,sales salaries and commisions, and shipping expenses were $26800, 548500, and $175,000. respectively 4. If Preble had purchased 185,000 pounds of materials at $7.50 per pound and used 180,000 pounds in production, what would be the materials quantity variance for March? (indicate the effect of each verience by selecting "F" for favorable, "U" for unfavorable and "None" for no effect (i.e zero variance.). Input the amount os e positive value.) 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 $9.00 per pounds Direct labor: 3 hours at $15 per hour Vnriable overhead: 3 hours at SS per hour 15.00- Total standard variable cost per unit 54.00 45.00 cogt per $114.00 The company also established the following cost formulas for its selling expenses Variable Fixed Cost Cost per per Sold Advertising Sales salaries and commissions Shipping expensea 260,000 $ 220,000 $18.00 The planning budget for March was based on producing and selling 20,000 units. However, during March the C actually produced and sold 25,000 units and incurred the following costs a Purchased 180,000 pounds of raw materials at a cost of $7.50 per pound All of this material was used in production. b. Direct-laborers worked 61000 hours at a rate of $16.00 per hour c. Total variable manufacturing overhead for the month was $306.220 Tesal echvenising sales salaries and comisions, and shipping expenses were $268,000 5485,00, and $175,000 5. If Preble had purchased 185,000 pounds of materiais at $750 per pound and used 180,000 pounds in production, what would be the materials price variance for March? (Indicote the effect of each veriance by selecting "None" for no effect (i.e., zero varience.), input the amount es positive value.) "F* for favorable, "U" for unfavorable, and