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Required information [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: 15 Direct materials 5 pounds at $10 per pound Direct labor 3 hours at $17 per hour Variable overhead hours at 57 per hour Total standard coat per unit $ 50 51 21 5122 The planning budget for March was based on producing and selling 24,000 units. However, during March the company actually produced and sold 30,600 units and incurred the following costs: 0 a. Purchased 170,000 pounds of raw materials at a cost of $9.00 per pound. All of this material was used in production, b. Direct laborers worked 68,000 hours at a rate of $10 per hour c. Total variable manufacturing overhead for the month was $512,040. rences Required: 1. What raw materials cost would be included in the company's planning budget for March? Row material cont Required information [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: $50 Direct materiale: 5 pounds at $10 per pound Direct labore 3 hours at $17 per hour Variable overhead 3 hours at 57 per hour Total standard cost per unit $122 The planning budget for March was based on producing and selling 24,000 units. However, during March the company actually produced and sold 30,600 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $9.00 per pound. All of this material was used in production b. Direct laborers worked 68,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $512,040, 3. What is the materials price 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 all amounts as positive values.) Materiale price Variance Required information [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: Direct materialer 5 pounds at $10 per pound Direct Labori 3 hours at $17 per hour Variable overhead 3 hours at 87 per hour Total standard cost per unit $50 51 21 $122 The planning budget for March was based on producing and selling 24,000 units. However, during March the company actually produced and sold 30,600 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $9.00 per pound. All of this material was used in production, b. Direct laborers worked 68,000 hours at a rate of $18 per hout c. Total variable manufacturing overhead for the month was $512,040. 4. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect tie, zero variance.). Input all amounts as positive values.) Materials quantity vanane ! Required information [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: Direct materiale: 5 pounds at $10 per pound Direct labort 3 hours at $17 per hour Variable overheadt 3 hours at 87 per hour Total standard cost per unit $ 50 51 21 $122 The planning budget for March was based on producing and selling 24,000 units. However, during March the company actually produced and sold 30,600 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $9.00 per pound. All of this material was used in production, b. Direct laborers worked 68,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $512,040. 5. If Preble had purchased 183,000 pounds of materials at $9.00 per pound and used 170,000 pounds in production, what would be the materials price variance for Morch? (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance.). Input all amounts as positive values.) Materials in Vanco Required information (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: Direct materials: 5 pounds at $10 per pound Direct labore 3 hours at $17 per hour Variable overhead: 3 hours at $? per hour Total standard cost per unit $ 50 51 21 $122 The planning budget for March was based on producing and selling 24,000 units. However, during March the company actually produced and sold 30,600 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $9,00 per pound. All of this material was used in production, b. Direct laborers worked 68,000 hours at a rate of $10 per hour c. Total variable manufacturing overhead for the month was $512,040, 6. Preble had purchased 183,000 pounds of materials at $9.00 por pound and used 170,000 pounds in production, what would be the materials quantity variance for March? (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable and "None" for no effect (.e., zero variance.), Input all amounts as positive values.) Moters uity varios Required information [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: Direct materiau 5 pounds at $io por pound Direct labore 3 hours at $17 per hour Variable overhead: 3 hours at $7 per hour Total standard cont per unit $50 51 21 $122 The planning budget for March was based on producing and selling 24,000 units. However, during March the company actually produced and sold 30,600 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $9.00 per pound. All of this material was used in production, b. Direct laborers worked 68,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $512,040. 7. What direct labor cost would be included in the company's planning budget for March? Direct laboral