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 materials: 5 pounds at $8 per pound Direct labori 3 hours at $15 per hour Variable overhead hours at 39 per hour Total standard cost per unit 27 $ 112 The planning budget for March was based on producing and selling 21000 units. However, during March the company actually produced and sold 26,000 units and incurred the following costs. a. Purchased 160,000 pounds of raw materials at a cost of $6,50 per pound. All of this material was used in production b. Direct laborers worked 70,000 hours at a rate of $16 per hour Total variable manufacturing overhead for the month was $655.200. Required: 1. What raw materials cost would be included in the company's planning budget for March? uw motora con 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 materials: 5 pounds at 58 per pound Direct Labor: 3 hours at 315 per hour Variable overhead: 3 hours at $9 per hoor Total standard cost per unit $40 45 27 $112 The planning budget for March was based on producing and selling 21.000 units. However during March the company actually produced and sold 26.000 units and incurred the following costs: a. Purchased 160.000 pounds of raw materials at a cost of $6.50 per pound. All of this material was used in production, b. Direct laborers worked 70,000 hours at a rate of S16 per hour c. Total variable manufacturing overhead for the month was $655,200. 2. What raw materials cost would be included in the company's flexible budget for March? Row malacos 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 materials: 5 pounds at $ per pound Direct labore hours at 315 per hour Variable overhead hours at 39 per hour Total standard cost per unit 50 AS 27 5112 The planning budget for March was based on producing and selling 21000 units. However, during March the company actually produced and sold 26.000 units and incurred the following costs. a. Purchased 160,000 pounds of raw materials at a cost of $6.50 per pound. All of this material was used in production b. Direct laborers worked 70,000 hours at a rate of $16 per hour Total variable manufacturing overhead for the month was $655,200 a. What is the materials price variance for March? (Indicate the effect of each vorionce by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (l.e., zero Vorlonce.). Input oll amounts os positive values.)
