The Foundational 15 (LO9-1, LO9-2, LO9-4, LO9-5, LO9-6] [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 material: 6 pounds at $8.00 per pound Direct labor: 3 hours at $14 per hour Variable overhead: 3 hours at $5 per hour Total standard variable cost per unit $ 48.00 42.00 15.00 $105.00 The company also established the following cost formulas for its selling expenses: Fixed Cost Variable Cost per Month per Unit Sold Advertising $ 250,000 Sales salaries and commissions $ 2ee, 800 $ 17.00 Shipping expenses $ 3.00 The planning budget for March was based on producing and selling 19,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct-laborers worked 60,000 hours at a rate of $15.00 per hour. c. Total variable manufacturing overhead for the month was $336,600. d. Total advertising, sales salaries and commissions, and shipping expenses were $260.000, $480.000 and $165.000, respectively Foundational 9-6 6. What direct labor cost would be included in the company's flexible budget for March? Direct labor cout Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on dire labor-hours and its standard cost card per unit is as follows: Direct material: 6 pounds at $8.00 per pound Direct labor: 3 hours at $14 per hour Variable overhead: 3 hours at $5 per hour Total standard variable cost per unit $ 48.00 42.ee 15.00 $105.00 The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month $ 250,000 $ 200,000 $ 17.00 $ 8.00 The planning budget for March was based on producing and selling 19,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct-laborers worked 60,000 hours at a rate of $15.00 per hour. Total variable manufacturing overhead for the month was $336,600. d. Total advertising, sales salaries and commissions, and shipping expenses were $260,000, $480,000, and $165,000, respectively Foundational 9-9 9. What variable manufacturing overhead cost would be included in the company's flexible budget for March? Vanate manualang TC 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 material: 6 pounds at $8.00 per pound Direct labor: 3 hours at $14 per hour Variable overhead: 3 hours at 55 per hour Total standard variable cost per unit $ 48.00 42.00 15.00 $185.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per Month $ 250,000 $ 200,000 Variable cost per Unit Sold Advertising Sales salaries and conmissions Shipping expenses $17.00 $ 8.00 The planning budget for March was based on producing and colling 19,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $720 per pound. All of this material was used in production b. Direct laborers worked 60,000 hours at a rate of $15,00 per hour. c. Total variable manufacturing overhead for the month was $336,600. d. Total advertising, sales salaries and commissions, and shipping expenses were $260.000, $480,000, and $165,000. respectively Foundational 9-7 7. What is the direct labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for untovornble, and "None" for no effect (.e., zero variance.). Input the amount as a positive value:) De 100 miony and $168.000