Ribbons Company manufactures one product. Its variable manufacturing overhead is applied to

production based on direct labor$-$hours and its standard cost per unit is provided above.

The planning budget for August was based on producing and selling $25,000$ units. However, during

August Ribbons actually produced and sold $30,000$ units and incurred the following costs:

a$)$ Direct laborers worked $55,000$ hours at a rate of $$15\mathrm{.}00$ per hour.

b$)$ Purchased $160,000$ pounds of raw materials at a cost of $$7\mathrm{.}50$ per pound and all of this material

was used in production.

c$)$ Total variable manufacturing overhead for August was $$280,500.$

Please answer the following $14$ questions:

What raw materials cost would be included in the company's flexible budget for August?

What raw materials cost would be included in the company's planning budget for August?

What is the materials quantity variance for August?

What is the materials price variance for August?

If Ribbons had purchased $170,000$ pounds of material at $$7\mathrm{.}50$ per pound and used $160,000$

pounds in production, what would be the materials price variance for August?

If Ribbons had purchased $170,000$ pounds of material at $$7\mathrm{.}50$ per pound and used $160,000$

pounds in production, what would be the materials quantity variance for August?

What direct labor cost would be included in the company's flexible budget for August?

What direct labor cost would be included in the company's planning budget for August?

What is the labor rate variance for August?

What is the labor efficiency variance for August?

What is in the labor spending variance for August?

What variable manufacturing overhead cost would be included in the company's planning

budget for August?

What variable manufacturing overhead cost would be included in the company's flexible budget

for August?

What is the variable overhead rate variance for August?