Required information The Foundational 15 (Static) [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 overheod 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 25,000 units. However, during March the company actually produced and sold 30,000 units and incurred the following costs: a. Purchased 160.000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production. b. Direct-laborers worked 55,000 hours ot a rate of $15.00 per hour. c. Total vatiable manufacturing overhead for the month was $280,500 d. Total advertising, sales salaries and commissions, and shipping expenses were $210,000,$455,000, and $115,000, respectively Oundational 912 (Static) 2. Whot amounts of advertising, sales salaries and commissions, and shipping expenses would be included in the company's flexible udget for March? Required informution The Foundational 15 (Static) [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 25,000 units. However, during March the company actually produced and sold 30.000 units and incurred the following costs a. Purchased 160,000 pounds of row materiais at a cost of $750 per pound. All of this material was used in production b. Direct-laborers worked 55,000 hours at a rate of $15.00 per hour, c. Total variable manufacturing overhead for the month was $280,500 d. Total advertising, sales salaries and commissions, ond shipping expenses were $210,000, $455,000, and $115,000, respectively. Oundational 9-13 (Static) 3. What is the spending variance related to advertising? (Indicate the effect of each variance by selecting "F" for favorable, "U" for infavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) Required information The Foundotional 15 (Static) [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 ond 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 25.000 units. However, during March the company actually produced and sold 30,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.50 per pounid. All of this material was used in production. b. Direct-laborers worked 55,000 hours at a rate of $15,00 per hour. c. Total variable manufacturing overhead for the month was $280,500. d. Total advertising, sales solaries and commissions, and shipping expenses were $210,000,$455,000, and $115,000, respectively. Oundational 9-14 (Static) 4. What is the spending variance related to soles saiaries and commissions? (Indicate the effect of each variance by selecting "F" for nvorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) Required informetion The Foundational 15 (Static) [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 25,000 units. However, during March the company actually produced and sold 30,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production. b. Direct-laborers worked 55,000 hours at a rate of $15.00 per hour, c. Total variable manufacturing overhead for the month was $280.500. d. Total advertising, sales salaries and commissions, and shipping expenses were $210,000,$455,000, and $115,000, respectively. Foundational 915 (Static) 15. What is the spending variance related to shipping expenses? (Indicate the effect of each variance by selecting "F" for favorable "U" for unfovorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.)
