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Required InformationRequired Information [ The following information applles to the questions displayed below. ] Preble Company manufactures one product. Its varlable manufacturing overhead is applied
Required InformationRequired 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
laborhours and its standard cost card per unit is as follows:
The planning budget for March was based on producing and selling units. However, during March the company
actually produced and sold units and incurred the following costs:
a Purchased pounds of raw materials at a cost of $ per pound. All of this materlal was used in production.
b Direct laborers worked hours at a rate of $ per hour.
c Total variable manufacturing overhead for the month was $
If Preble had purchased pounds of materlals at $ per pound and used pounds in production, what would be
the materlals quantity varlance for March?
Note: Indlcate the effect of each varlance by selecting F for favorable, U for unfavorable, and "None" for no effect Ie zero
variance. Input all amounts as positive values.
The following information applies to the questions displayed below.
Preble Company manufactures one product. Its varlable manufacturing overhead 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 units. However, during March the company
actually produced and sold units and incurred the following costs:
a Purchased pounds of raw materials at a cost of $ per pound. All of this materlal was used in production.
b Direct laborers worked hours at a rate of $ per hour.
c Total varlable manufacturing overhead for the month was $
If Preble had purchased pounds of materlals at $ per pound and used pounds in production, what would be
the materlals price variance for March?
Note: Indicate the effect of each varlance by selecting F for favorable, U for unfavorable, and "None" for no effect Ie zero
variance. Input all amounts as positive values.
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