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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 material: 6 pounds at $9.00 per pound $ 54.00 Direct labor: 3 hours at $15 per hour 45.00 Variable overhead: 3 hours at $5 per hour 15.00 Total standard variable cost per unit $ 114.00 The company also established the following cost formulas for its selling expenses: Variable Fixed cost cont per per Month Unit Sold Advertising $ 260,000 Sales salaries and common $ 220,000 $18.00 Shipping expenses $ 9.00 The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 25,000 units and incurred the following costs: a. Purchased 180,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production b. Direct laborers worked 61,000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $306,220, d. Total advertising, soles salaries and commissions, and shipping expenses were $268,000, $485,000, and $175,000, respectively Required: 1. What raw materials cost would be included in the company's flexible budget for March? Raw material cost 2. 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 (l.e, zero variance.). Input the amount as a positive value.) Materials quantity variano 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 (le, zero variance.). Input the amount as a positive value.) Materials price variance 4. If Preble had purchased 185,000 pounds of materials at $7.50 per pound and used 180,000 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 (i.e., zero variance.). Input the amount as a positive value.) Motorola quantity variance 5. If Preble had purchased 185,000 pounds of materials at $7.50 per pound and used 180,000 pounds in production, what would be 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 (le., zero variance.). Input the amount as a positive value.) Materials price variance 6. What direct labor cost would be included in the company's flexible budget for March? Direct labor cost 7. What is the direct labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e, zero variance.). Input the amount as a positive value.) Direct labor officiency variance 25 8. What is the direct labor rate 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 the amount as a positive value.) Dired laborate variance

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