Requlred Information [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 labour-hours, and its standard costs per unit are as follows: The company planned to produce and sell 26,000 units In March. However, during March the company actually produced and sold 31,000 units and Incurred the following costs: a. Purchased 155,000kg of raw materlals at a cost of $7.20 per kg. All of this materlal was used in production. b. Direct labour: 56,000 hours at a rate of $16 per hour. c. Total varlable manufacturing overhead for the month was $524,720. What is the materlals price varlance for March? (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for nfavorable, and "None" for no effect (I.e., zero varlance.).) 2. What is the materlals quantity varlance for March? (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance.).) . If Preble had purchased 171,000kg of materlals at $7.20 per kg and used 155,000kg in production, what would be the materlals rice varlance for March? (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no ffect (I.e., zero varlance.). Do not round Intermedlate calculations.) If Preble had purchased 171,000kg of materlals at $7.20 per kg and used 155,000kg in production, what would be the materlals uantlty varlance for March? (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for o effect (I.e., zero varlance.). Do not round Intermedlate calculations.) What is the labour rate varlance for March? (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for infavorable, and "None" for no effect (I.e., zero varlance.). Do not round Intermedlate calculations.) 5. What is the labour efficlency varlance for March? (Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance.). Do not round Intermedlate calculations.)
