Required information The followng information appiles to the questions displayod belowj] Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct laborthours and its standard cost card per unit is as follows: The planning budget for March was based on producing and seling 21,000 units. However, during March the company actually produced and sold 26.000 units and incurred the following conts: a. Purchased 160.000 pounds of raw materials at a cost of $6.50 per pound. All of this matertal was used in production. b. Direct laborers worked 70,000 hours at a rate of $16 per hour. c. Total vartible manulacturing overhead for the month was $655,200. 9. What is the labor rate vartance for March? Note: Indicate the effect of each vartance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect 0. ., zero variance', Input afl amounts as posttive values. Pequired information The following information applies to the questions displayed below] Preble Company manufactures one product fis variable manufacturing overhead is applied to production based on direct laborthours and ths standard cost card per unit is as follows: The planning budget for March was based on producing and selling 21,000 units. However, during March the compary actually produced and sold 26,000 unts and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $6,50 per pound. Al of this matenal was used in production. b. Direct laborers worked 70,000 hours at a rate of $16 per hout c. Total variable marufacturng overhead for the month was $655,200. 8. What direct labor cost would be included in the company's flexible budget for March? Required information [The following information applles to the questions displayed below] Preble Company manufactures one product. Its varlable manufacturing overhead is applied to production based on direct labor hours and its standard cost card per unt is as follows: 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 followng costs: a. Purchased 160.000 pounds of raw materlals at a cost of $6.50 por pound. All of this material was used in production. b. Direct laborers worked 70.000 hours at a rate of $16 per hour. c. Total vartible manufacturing overhead for the month was $655,200. 6. If Preble had purchased 185,000 pounds of materlals at $6.50 per pound and used 160,000 pounds in production, what would be the materials quanty variance for March? Note: Indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "None" for no effect ice, zero variance). Input all amounts as postuve values. Required information [The following information applies to the quostions displayed below] Preble Company manufactures one product its varlable 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 seling 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 $16 per hour. c. Total variable manufacturing overhead for the month was $655,200. 7. What direct labor cost would be included in the companys planning budget for March? Requitred information The following information applles to the questions displayod beiow] Preble Company manufactures one product. Its vartable 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 produchg and selling 21,000 units. However, during March the company actually produced and soid 26,000 unts and incurred the following costs: a. Purchased 160000 pounds of raw materials at a cost of $6.50 per poond. All of this materiat was used in production. b. Direct laborers worked 70.000 hours ot a fate of $16 per hour c. Total vartable manufacturing overhead for the month was $655,200. 10. What is the labor efficiency vartance for Marcti? Note: indicate the effect of each varlance by selecting " F " for fovorable, " U f for unfavorable, and "None" for no effect (i.e, zero vartance). Input all amounts as posmive values
