The Foundational $15($Algo$)[$LO$10-1,$ LO$10-2,$ LO$10-3]$

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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: $8$ pounds at $$10$ per pound $ $80$

Direct labor: $5$ hours at $$13$ per hour $65$

Variable overhead: $5$ hours at $$8$ per hour $40$

Total standard cost per unit $ $185$

The planning budget for March was based on producing and selling $15,000$ units. However, during March the company actually produced and sold $17,000$ units and incurred the following costs:

Purchased $170,000$ pounds of raw materials at a cost of $$8\mathrm{.}00$ per pound. All of this material was used in production.

Direct laborers worked $64,000$ hours at a rate of $$14$ per hour.

Total variable manufacturing overhead for the month was $$513,920.4.$ What is the materials quantity variance for March?

Note: 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. $5.$ If Preble had purchased $179,000$ pounds of materials at $$8\mathrm{.}00$ per pound and used $170,000$ pounds in production, what would be the materials price variance for March?

Note: 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. $6.$ If Preble had purchased $179,000$ pounds of materials at $$8\mathrm{.}00$ per pound and used $170,000$ pounds in production, what would be the materials quantity variance for March?

Note: 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. $7.$ What direct labor cost would be included in the company$$s planning budget for March? $8.$ What direct labor cost would be included in the company$$s flexible budget for March? $9.$ What is the labor rate variance for March?

Note: 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. $10.$ What is the labor efficiency variance for March?

Note: 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. $11.$ What is the labor spending variance for March?

Note: 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. $12.$ What variable manufacturing overhead cost would be included in the company$$s planning budget for March? $13.$ What variable manufacturing overhead cost would be included in the company$$s flexible budget for March? $14.$ What is the variable overhead rate variance for March?

Note: Round the actual overhead rate to two decimal places. 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. $15.$ What is the variable overhead efficiency variance for March?

Note: Round the actual overhead rate to two decimal places. 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.