Required information The following information applies to the questions displayed below) Part 1 of 1 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: $36.00 Direct material: 4 pounds at $9.00 per pound Direct labor: 3 hours at $15 per hour Variable overhead: 3 hours at $6 per hour Total standard variable cost per unit 18.00 $99.00 The company also established the following cost formulas for its selling expenses. Fixed Cost per month Variable Cast per Unit Sold $ 120,000 $ 13.00 Sales salaries and commissions Shipping expenses The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31000 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 $1600 per hour C. Total variable manufacturing overhead for the month was $524720 d. Total advertising, sales salaries and commissions, and shipping expenses were $220.000 $460,000 and $125.000 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 Part 2 of 15 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 materiali 4 pounds at $9.00 per pound Direct labori 3 hours at $15 per hour Variable overhead: 3 hours at $6 per hour Total standard variable cost per unit $99.00 The company also established the following cost formulas for its selling expenses Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month $ 210,000 $ 120,000 $ 13.00 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 $16.00 per hour. Total variable manufacturing overhead for the month was $524720 d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000. $460,000, and $125.000, 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 effectie, zero variance.). Input the amount as a positive value) Materials quantity variance Required information [The following information applies to the questions displayed below. Part 3 of 15 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: $36.00 Direct material: 4 pounds at $9.00 per pound Direct labor: 3 hours at $15 per hour Variable overhead: 3 hours at $6 per hour Total standard variable cost per unit $99.00 The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Sold Fixed Cost per month $ 210,000 $ 120.000 Sales salaries and commissions Shipping expenses The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31000 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 56.000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524720 d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000. S460,000, and $125,000, 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 materiali 4 pounds at $9.00 per pound Direct labor: 3 hours at $15 per hour Variable overhead: 3 hours at $6 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Fixed Cost per Month $ 210,000 $ 120,000 Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses $13.00 The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31000 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 56,000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125,000 respectively 4. 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 materials quantity 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 the amount as a positive value) Materiais quantity variance Required information The following information applies to the questions displayed below.) Part 5 of 15 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: $36.00 45.00 Direct material: 4 pounds at $9.00 per pound Direct labor! 3 hours at $15 per hour Variable overhead: 3 hours at $6 per hour Total standard variable cost per unit $99.00 The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Sold Fixed Cost per Month $ 210,000 $ 120,000 Advertising Sales salaries and commissions Shipping expenses $ 13.00 $ 4.00 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 $16.00 per hour. c. Total variable manufacturing overhead for the month was $524720 d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125,000, respectively 5. 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 materials price 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 the amount as a positive value.) Materials price variance Required information The following information applies to the questions displayed below.) Part 6 of 15 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: $36.00 45.00 Direct material: 4 pounds at $9.00 per pound Direct labor: 3 hours at $15 per hour Variable overhead: 3 hours at $6 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Variable cost per Unit Sold Fixed Cost per Month $ 210,000 $ 120,000 Advertising Sales salaries and commissions Shipping expenses $ 13.00 $ 4.00 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 $16.00 per hour. c. Total variable manufacturing overhead for the month was $524.720. d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125.000, respectively 6. What direct labor cost would be included in the company's flexible budget for March? Direct labor cost Required information The following information applies to the questions displayed below.) Part 7 ofis 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: $36.00 Direct material: 4 pounds at $9.00 per pound Direct labor. 3 hours at $15 per hour Variable overhead 3 hours at 56 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month $ 210,000 $ 120,000 $ 13.00 $ 4.00 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 $720 per pound. All of this material was used in production b. Direct-laborers worked 56.000 hours at a rate of $16.00 per hour c. Total variable manufacturing overhead for the month was $524,720. d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125,000, respectively. for favorable. "U" for 7. What is the direct labor efficiency variance for March? (Indicate the effect of each variance by selecting unfavorable, and "None" for no effect i.e., zero variance.). Input the amount as a positive value.) Direct labor efficiency variance Part of 15 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: $36.ee Direct material: 4 pounds at $9.00 per pound Direct labor: hours at $15 per hour Variable overhead: 3 hours at 56 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses Fixed Cost per Month Variable Cost per Unit Sold Sales salaries and commissions Shipping expenses $ 120,000 $13.00 $ 4.00 The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31000 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 $16.00 per hour. c. Total variable manufacturing overhead for the month was $524720 d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000 $460,000 and $125.000, 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 effectie., zero variance.). Input the amount as a positive value.) Direct labor rate variance Required information The following information applies to the questions displayed below] Part 9 of 15 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: $36.00 45.00 Direct material: 4 pounds at $9.00 per pound Direct labor: 3 hours at $15 per hour Variable overheadt 3 hours at $6 per hour Total standard variable cost per unit $99.00 The company also established the following cost formulas for its selling expenses Variable Cost per Unit Sold Fixed Cost per Month $ 210,000 $ 120,000 Advertising Sales salaries and commissions Shipping expenses $ 13.00 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 $16.00 per hour. C. Total variable manufacturing overhead for the month was $524720 d. Total advertising, sales salaries and commissions, and shipping expenses were $220.000, S460,000, and $125.000, respectively 9. What variable manufacturing overhead cost would be included in the company's flexible budget for March? Variable manufacturing overhead cost Required information The following information applies to the questions displayed below) Part 10 of 15 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 materialt 4 pounds at $9.00 per pound Direct labor: 3 hours at $15 per hour Variable overhead: 3 hours at $6 per hour Total standard variable cost per unit $36.00 45.00 18.00 $99.00 The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Sold Fixed Cost per Month $ 210,000 $ 120,000 Advertising Sales salaries and commissions Shipping expenses $13.00 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 $16.00 per hour. c. Total variable manufacturing overhead for the month was $524.720. d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125,000 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 officiency variance Required information The following information applies to the questions displayed below] Part 11 of 15 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: 4 pounds at $9.00 per pound Direct labor! 3 hours at $15 per hour Variable overhead: 3 hours at $6 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Fixed Cost per Month $ 210,000 $ 120,000 Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses $ 13.00 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 $16.00 per hour Total variable manufacturing overhead for the month was $524720 d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125,000, respectively 11. What is the variable overhead 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 the amount as a positive value.) Variable overhead rate variance Required information The following information applies to the questions displayed below.) Part 12 of 15 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: 4 pounds at $9.00 per pound Direct labori 3 hours at $15 per hour Variable overhead: 3 hours at $6 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month $ 210,000 $120.000 $ 13.00 $ 4.ee 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 $16.00 per hour. c. Total variable manufacturing overhead for the month was $524720 d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000. S460,000, and $125,000, respectively 12. What amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the company's flexible budget for March? Advertising Sales salaries and commissions Shipping expenses Required information The following information applies to the questions displayed below] Part 13 of 15 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: 4 pounds at $9.00 per pound Direct labor: 3 hours at $15 per hour Variable overhead: 3 hours at $6 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses Variable Cost per Unit Sold Fixed Cost per Month $ 210.000 $ 120,000 Advertising Sales salaries and commissions Shipping expenses $ 13.00 $ 4.00 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 $16.00 per hour. C. Total variable manufacturing overhead for the month was $524.720 d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000. $460,000 and $125.000, respectively 13. What is the spending variance related to advertising? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance.). Input the amount osa positive value) Spending variance related to advertising 14 Required information The following information applies to the questions displayed below.) Part 14 of 15 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: 4 pounds at $9.00 per pound Direct labor: 3 hours at $15 per hour Variable overhead: 3 hours at $6 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses Variable Cost per Unit Sold Fixed Cost per Month $ 210.000 $ 120.000 Advertising Sales salaries and commissions Shipping expenses 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 $720 per pound. All of this material was used in production b. Direct-laborers worked 56.000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $524,720, d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, $460,000, and $125,000, respectively 14. What is the spending variance related to sales salaries and commissions? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance.). Input the amount as a positive value.) Spending variance related to sales salaries and commissions Part 15 of 15 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: $36.00 Direct material: 4 pounds at $9.00 per pound Direct labor: 3 hours at $15 per hour Variable overhead: 3 hours at 56 per hour Total standard variable cost per unit 18.00 The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Sold Fixed Cost per Month $ 210,000 $ 120,000 Advertising Sales salaries and commissions Shipping expenses $13.00 The planning budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31000 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 $16.00 per hour. C. Total variable manufacturing overhead for the month was $524720 d. Total advertising, sales salaries and commissions, and shipping expenses were $220,000, S460,000, and $125.000 respectively 15. What is the spending variance related to shipping expenses? (indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie., zero variance.). Input the amount as a positive value.) Spending variance related to shipping expenses