[ The following information applies to the questions displayed below. ] Preble Company manufactures one product. Its
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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 laborhours and its standard cost card per unit is as follows:
Direct materials: pounds at $ per pound $
Direct labor: hours at $ per hour
Variable overhead: hours at $ per hour
Total standard cost per unit $
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:
Purchased pounds of raw materials at a cost of $ per pound. All of this material was used in production.
Direct laborers worked hours at a rate of $ per hour.
Total variable manufacturing overhead for the month was $
What is the materials quantity variance for March? Indicate the effect of each variance 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 variable manufacturing overhead is applied to production based on direct laborhours and its standard cost card per unit is as follows:
Direct materials: pounds at $ per pound $
Direct labor: hours at $ per hour
Variable overhead: hours at $ per hour
Total standard cost per unit $
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:
Purchased pounds of raw materials at a cost of $ per pound. All of this material was used in production.
Direct laborers worked hours at a rate of $ per hour.
Total variable manufacturing overhead for the month was $
Required:
What raw materials cost would be included in the companys planning budget for March?
Related Book For
Introduction to Managerial Accounting
ISBN: 978-0078025792
7th edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
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