Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [The following information applies to the questions displayed below.] Preble Compony manufoctures one product. Its variable manufacturing overheod is applied to production based on direct laborhours and its 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 company actually produced and sold 26,600 units and incurred the following costs: a. Purchased 154,000 pounds of raw materials at a cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 63,000 hours at a rate of $13 per hour. c. Total variable manufacturing overheod for the month was $510,930 Foundational 10-1 (Algo) Required: 1. What raw materials cost would be included in the company's planning budget for March? Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [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 21,000 units. However, during March the company octually produced and soid 26,600 units and incurred the following costs: a. Purchased 154,000 pounds of raw materials at a cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 63,000 hours at a rate of $13 per hour. c. Total variable manufacturing overhead for the month was $510,930 Foundational 10-2 (Algo) 2. What row materials cost would be included in the company's flexible budget for March? Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [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 21,000 units. However, during March the company actually produced and sold 26,600 units and incurred the following costs: a. Purchased 154,000 pounds of raw materials at a cost of $9,50 per pound. All of this material was used in production. b. Direct laborers worked 63,000 hours at a rate of $13 per hour. c. Total variable manufacturing overhead for the month was $510,930. oundational 10-3 (Algo) What is the materials price variance for March? lote: 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 values. Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [The following information opplies to the questions clisplayed below] Preble Company manufoctures one product. its variable manufocturing 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 21,000 units. However, during March the company actuolly produced and sold 26,600 units and incurred the following costs: a. Purchased 154,000 pounds of row materiais ot a cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 63.000 hours ot a rate of $13 per hour. c. Total variable manufocturing overhead for the month was $510.930. Foundational 10-4 (Algo) 4. What is the materials quantity variance for March? Note: Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all omounts is positive values. Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [The following information opplies to the questions displayed below] Preble Company manufoctures 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 21,000 units. However, during March the company octually produced and sold 26,600 units and incurred the following costs: a. Purchased 154,000 pounds of row materials at o cost of $950 per pound. All of this material was used in production. b. Direct laborers worked 63,000 hours at a rate of $13 per hour. c. Total variable manufocturing overhead for the month was $510,930. Foundational 10-5 (Algo) 5. If Preble had purchased 178,000 pounds of moterials ot $9.50 per pound and used 154,000 pounds in production, what would be the moterials price variance for Morch? 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. Required informetion The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [The following information opplies to the questions displayed below] Preble Compony monufoctures one product, tts vorioble manufocturing overhead is opplied 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 21,000 unas. However, during March the company octually produced ond soid 26,600 units and incurred the following costs: a. Purchesed 154000 pounds of row meterials ot e cost of $950 per pound. All of this material was used in production. b. Direct loborers worked 63,000 hours of a rate of 513 per hour. c. Total variable manulocturing overhead for the month was $510.930 Foundational 10-6 (Algo) 5. If Preble had purchesed 178.000 pounds of materials at $950 per pound and used 154,000 pounds in production, what would be he materials quantity variance for March? Note: Indicnte the effect of ebch variance by selecting "FJ for fovorable, "U" for unfavorable, and "None" for no effect fl.e., zero variance., Input all amounts as positive values. Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [The following informotion applies to the questions disployed 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 wos bosed on producing and selling 21,000 units. However, during March the company actually produced and sold 26,600 units and incurred the following costs: a. Purchased 154,000 pounds of row materials ot o cost of $9.50 per pound. All of this material was used in production. b. Direct loborers worked 63,000 hours ot a rate of $13 per hour. c. Total variable manufocturing overheod for the month wos $510,930 Foundational 10-7 (Algo) 7. What direct labor cost would be included in the company's planning budget for March? Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [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 21,000 units. However, during March the company octually produced and sold 26,600 units and incurred the following costs: a. Purchosed 154,000 pounds of row moterials ot a cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 63,000 hours at a rate of $13 per hour. c. Total variable manufacturing overhead for the month was $510,930. Foundational 10-8 (Algo) 8. What direct labor cost would be included in the company's flexible budget for March? Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [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 21,000 units. However, during March the company actually produced and sold 26,600 units and incurred the following costs: a. Purchased 154,000 pounds of row materials at a cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 63.000 hours at a rate of $13 per hour. c. Total variable manufacturing overhead for the month was $510,930. oundational 10-9 (Algo) What is the labor rate variance for March? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero reriance.). Input all amounts os positive values. Required informotion The Foundational 15 (Algo) [L010-1, LO10-2, LO10-3] The following information opplies to the questions disployed below] Preble Company manufoctures one product. Its varlable manufocturing overhead is applied to production based on direct labor-hours ond its standard cost card per unit is os follows: The planning budget for March was based on producing and selling 21,000 units. Howevet, during March the company octually produced and sold 26,600 units and incurred the following costs: a. Purchased 154,000 pounds of row materials at e cost of $9.50 per pound. All of this material wos used in production. b. Direct loborers worked 63,000 hours ot o rate of $13 per hour. c. Total variable manulacturing overheod for the month was $510,930 Foundational 10-10 (Algo) 10. What is the lobor efficiency 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 variance.). Input all amounts as positive values. Required information The Foundational 15 (Algo) [LO10-1, LO10-2, L010-3] [The following information applies to the questions displayed below] Preble Company manufoctures 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 21,000 units. However, during March the company actually produced and soid 26,600 units and incurred the following costs: 0. Purchased 15.4,000 pounds of raw materials at a cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 63,000 hours at a rate of $13 per hour. c. Total variable manufacturing overhead for the month was $510,930 Foundational 10-11 (Algo) 11. What is the labor spending variance for March? Note: Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts os positive values. Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [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 Morch was based on producing and selling 21,000 units. However, during March the company actually produced and sold 26,600 units and incurred the following costs: a. Purchased 154.000 pounds of raw materials at o cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 63,000 hours ot o rate of $13 per hour. c. Total variable manufacturing overhead for the month was $510,930 Foundational 10-12 (Algo) 12. What variable monufocturing overhead cost would be included in the company's planning budget for March? Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [The following information applies to the questions dispiayed below.] Preble Company manufactures one product. Its variable manufacturing overhead is applied to production bosed 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 21,000 units. However, during March the company octually produced and sold 26,600 units ond incurred the following costs: a. Purchosed 154,000 pounds of raw materials at a cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 63,000 hours at o rate of $13 per hour. c. Total varioble manufacturing overhead for the month was $510.930. Foundational 10-13 (Algo) 13. Whot voriable manufocturing overhead cost would be included in the company's flexible budget for March? Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [The following information applies to the questions displayed below] Preble Company manufoctures 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 21,000 units. However, during March the company actually produced and sold 26,600 units and incurred the following costs: a. Purchased 154,000 pounds of raw materials at a cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 63,000 hours at a rate of $13 per hour. c. Total variable manufacturing overhead for the month was $510,930 :oundational 10-14 (Algo) 4. What is the variable overhead rate variance for March? lote: Round the octuol overhead rate to two decimal places. Indicate the effect of each variance by selecting "F" for favorable. " for unfovorable, and "None" for no effect (li.e., zero variance.). Input all amounts as positive values. Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [The following information applies to the questions displayed below] Preble Compony 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 21,000 units. However, during March the company octually produced ond sold 26,600 units and incurred the following costs: a. Purchased 154.000 pounds of raw materials at a cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 63,000 hours ot a rate of $13 per hour. c. Total variable manufacturing overheod for the month was $510,930 Eoundational 10-15 (Algo) 5. What is the variable overhead efficiency variance for March? Note: Round the actual overhead rate to two decimal places. 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