Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] The following information applies to the questions displayed below] Preble Company manufactures one product lts variable manufacturing overhead is applied to production based on direct labor hours and its standard cost card per unit is as follows: The compony atso established the following cost formulas for its selling expenses. The planning budget for March was based on producing and selling 20.000 units. However, during March the compary actually produced and sold 24,600 units and incurred the following costs a. Purchased 164,000 poundi of raw materials ot a cost of $7.50 per pound. All of this material wos used in production. b. Direct taborers worked 57,000 hours at a rate of $1700 per hour. c. Total variable manutacturing overhead for the month was $653,220 d. Total advertising. sales salaries and commissions, and shipping expenses were $235,000,$465,000,0 ond $135,000. respectively. Foundational 9.1 (Algo) Required: 1. What raw materials cost would be included in the compary's flexible budget for March? Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [The following information applies to the questions displayed below] Preble Company manufactures one product. its variable manufacturing overhead is appled to production based on direct labor-hours and its standard cost card per unit is as follows. The company also established the following cost formulas for its selling expenses. The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs: a Purchased 164,000 pounds of raw materiats of a cost of $7.50 per pound. All of this material was used in production. b. Direct taborers worked 57,000 hours at a rate of $1700 per hour c. Total variable manufacturing overthead for the month was $653,220 d. Totol adwertising, sales salares and commissions, and shipping expenses were $235,000,$465,000, and $135,000. respectively Foundational 9-2(Algo) 2. Whot is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for fovorable, "U* for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [The following information appllos 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 company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 20.000 units. However, during March the company octually produced and sold 24,600 units and incurred the following costs. a. Purchased 164,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production b. Direct faborers worked 57,000 hours at a rate of $1700 per hour. c. Total variable manufocturing overhead for the month was $653,220 d. Total advertising, sales salaries and commissions, and shipping expenses were $235,000,$465,000, and $135,000. respectively. Foundational 9-3 (Algo) 3. What is the materials price vaniance 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.) Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [The following information applies to the questions displayed below] Preble Compary manufactures one product its variable manufacturing overhead is applied to production based on direct labot-hours and its standard cost card per unit is as follows The company also established the following cost formulas for its seling expenses The planning budget for March was based on producing and selling 20,000 units. However, during March the compony actuolly produced and sold 24,600 units and incurred the following costs a. Purchased 164,000 pounds of raw materials ot a cost of $7.50 per pound All of this material wos used in production b. Directaborers worked 57,000 hours at a rate of $1700 per hou c. Total vanable manufactuing overheod for the month wos $653,220 d Total odverising, sales salanes and commissions, and shipping expenses were $235,000,$465,000, and $135,000. reshectively Foundational 9-6 (Algo) 6. What direct labor cost would be included in the company's fexible budget for March? Required information The Foundotional 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [The following information applies to the questions displayed below] Preble Company manufactures 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 compony also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs: a. Purchased 164.000 pounds of raw materials at a cost of $7.50 por pound. Al of this moterial was used in production b. Direct taborers worked 57,000 hours at a rate of $1700 per hour c. Total variable manufacturing overhead for the month was $653.220 d. Total advertising. Sales salaries and commissions, and shipping expenses were $235,000,$465,000, and $135,000, respectively. Foundational 9-7(Algo) 7. What is the direct lobor efficiency variance for March? (indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (L.e., zero variance.). Input the amount as a positive value.) Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 20,000 units. However, during March the compariy actually produced and sold 24,600 units and incurred the following costs a. Purchased 164,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production. b. Directlaborers worked 57,000 hours at a rate of $17,00 per hour c. Total variable manufacturing overhead for the month was $653.220. d. Total advertising, sales salaries and commissions, and shipping expenses were $235,000,$465,000, and $135,000. respectively. Foundational 9-8 (Algo) 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 effect (i.e., zero variance.). Input the amount as a positive value.) Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] The following information applies to the questions displayed below] Preble Company manufactures one product lis variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows The company also established the following cost formulas for its selling expenses. The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs a Purchased 164.000 pounds of raw matenals at a cost of $7.50 per pound. All of this material was used in production b. Direct-laborers worked 57,000 hours at a rate of $1700 per hour c. Total variable manufacturing overheod for the month was $653,220 d Total acvertising, sales salanes and commitsions, and shipping expenses were $235,000,$465,000, and $135,000. respectively Foundational 9-9 (Algo) 9. What variable manufacturing overhead cost would be included in the company's flexible budget for March? Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [The following information appiles 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 company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs a. Purchased 164,000 pounds of raw materials at a cost of $750 per pound. All of this material was used in production. b. Directlaborers worked 57,000 hours at a rate of $1700 per hour c. Total variable monufacturing overhead for the month was $653,220. d. Total advertising, sales salaries and commissions, and shipping expenses were $235,000,$465,000, and $135,000, respectively Oundational 910( Algo) 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 varience.). Input the amount as a positive value.) Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [The following information applies to the questions displayed betow] 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 company also established the following cost formulas for its selling expenses The planning budget for March was based on producing and selling 20,000 unis However, during March the comparry actually produced and sold 24,600 units and incurred the following costs a. Purchased 164,000 pounds of raw materials ot a cost of $7.50 per pound. All of this moterial was used in production b. Direct taborers worked 57,000 hours at a tate of $1700 per hour c. Total variable manutacturing overtead for the month was $653,220 d Total advertising, sales salaries and cominissions, and shipping expenses were $235,000,$465,000,0nd$135,000, respectively. Foundational 9-11 (Algo) 11. What is the variable overheod rate 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.) Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 labot-hours and its standard cost card per unit is as follows: The company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 20.000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs: a. Purchased 164,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production. b. Direct-laborers worked 57,000 hours at a rate of $17,00 per hour c. Total variable manufacturing overhead for the month was $653,220 d. Total advertising, sales salaries and commissions, and shipping expenses were $235,000,$465,000, and $135,000, respectively. Foundational 9-12 (Algo) 12. Whot amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the company's flexible budget for March? Required information The Foundational 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 company also established the following cost formulas for its selling expenses. The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs a. Purchased 164,000 pounds of raw materials at a cost of $750 per pound. All of this material was used in production. b. Direct-laborers worked 57,000 hours at a rate of $17.00 per hout c. Total variable manufacturing overhead for the month was $653,220. d Total advertising, soles solanes and commissions, and shippeng expentes were $235,000,$465,000, and $135,000. respectively Foundational 9.13 (Algo) 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 effect (i.e., zero variance.). Input the amount as a positive value.) Required information The Foundationol 15 (Algo) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs: a. Purchased 164,000 pounds of raw materials at a cost of $750 per pound. All of this material was used in production b. Direct-laborers worked $7,000 hours at a rate of $1700 per hour. c. Total variable manufacturing overhead for the month was $653,220 d. Total advertising. sales salaries and commissions, and shipping expenses were $235,000,$465,000, and $135,000, respectively Foundational 914(Algo) 4. What is the spending variance related to sales salaries and commissions? (Indicate the effect of each variance by selecting "F" for avorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) Required information The Foundational 15 (AlgO) [LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 20.000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs: a. Purchased 164,000 pounds of raw materials at a cost of $750 per pound. All of this material was used in production. b. Direct-laborers worked 57,000 hours at a rate of $17.00 per hour. c. Total variable manufacturing overhead for the month was $653,220 d. Total advertising, sales salaries and commissions, and shipping expenses were $235,000,$465,000, and $135,000, respectively. Soundational 9-15 (Algo) 5. 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 effect (i.e., zero variance.). Input the amount as a positive value.)