Required information [The following information applies to the questions displayed below.] Preble Company manufactures one product. Its variable manufacturing overhead is applled to production based on direct labor-hours and its standard cost card per unit is as follows: The planning budget for March was based on producing and selling 26.000 units. However, during March the company actually produced and sold 31,000 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 56.000 hours at a rate of $16 per hour. c. Total variable manufacturing overhead for the month was $524.720. If Preble had purchased 171,000 pounds of materials at \$7.20 per pound and used 155,000 pounds in production, what would be the laterials price variance for March? lote: Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfovorable, and "None" for no effect (i.e., zero ariance.). Input all amounts os positive values. Required informotion [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: The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31,000 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 56,000 hours at a rate of $16 per hour. c. Total variable manufacturing overhead for the month was $524.720. 7. What direct labor cost would be included in the company's planning budget for March? Required intormation [The following information applles to the questions displayed below] Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labothours and its standard cost card per unit is as follows: The planning budget for March was based on producing and selling 26.000 units. However, during March the company actually produced and sold 31,000 units and incurred the following costs: a. Purchased 155,000 pounds of raw matenals at a cost of $7.20 per pound. All of this material was used in production. b. Direct laborers worked 56,000 hours at a rate of $16 per hour. c. Total variable manufacturing overhead for the month was $524.720. What is the labor rate variance for March? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero ariance.). Input all amounts as positive volues. 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: The planning budget for March was based on producing and selling 26.000 units. However, during March the company actually produced and sold 31,000 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 56.000 hours at a rate of $16 per hour. c. Total variable manufacturing overhead for the month was $524,720. 10. What is the labor efficlency varlance for March? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values
