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 $9 per pound Direct labort 3 hours at $14 per hour Variable overhead: 3 hours at $9 per hour Total standard cost per unit The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,800 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct laborers worked 65,000 hours at a rate of $15 per hour. C. Total variable manufacturing overhead for the month was $612,300. 9. What is the labor rate 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.). Input all amounts as positive values.) Labor rate 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 materialst 5 pounds at 59 per pound Direct labort 3 hours at $14 per hour Variable overheadt 3 hours at $9 per hour Total standard cost per unit The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,800 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $720 per pound. All of this material was used in production b. Direct laborers worked 65,000 hours at a rate of $15 per hour. c. Total variable manufacturing overhead for the month was $612,300. 10. What is the labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance.). Input all amounts as positive values.) 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: sundesia e $ 45 Direct materialst5 pounds at $9 per pound Direct labori 3 hours at $14 per hour Variable overheads 3 hours at $9 per hour Total standard cost per unit pes The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,800 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct laborers worked 65,000 hours at a rate of $15 per hour. c. Total variable manufacturing overhead for the month was $612.300. 11. What is the labor spending 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.). Input all amounts as positive values.) Labor spending 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 materials: 5 pounds at $9 per pound Direct labort 3 hours at $14 per hour Variable overhead 3 hours at $9 per hour Total standard cost per unit The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,800 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct laborers worked 65,000 hours at a rate of $15 per hour Total variable manufacturing overhead for the month was $612,300 12. What variable manufacturing overhead cost would be included in the company's planning budget for March? Variable manufacturing overhead cost
