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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 wterials: 5 pounds at 59 per pound Direct labore 3 hours at $14 per hour Variable overhead: 3 hours at $9 per hour Total Standard cost per unit $45 42 27 $ 114 The planning budget for March was based on producing and selling 20.000 units. However, during March the company actually produced and sold 24,800 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct laborers worked 65.000 hours at a rate of $15 per hour. c Total variable manufacturing overhead for the month was $612,300 2 What raw materials cost would be included in the company's flexible budget for March? Rave material cost 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 $9 per pound Direct Labor hours at $14 per hour Variable overhead 3 hours at 59 per hour Total Standard cost per unit 545 42 27 $ 114 The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,800 units and incurred the following costs: a. Purchased 155.000 pounds of raw materials at a cost of $7 20 per pound. All of this material was used in production b. Direct laborers worked 65.000 hours at a rate of $15 per hour Total variable manufacturing overhead for the month was $612,300. 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 effectie. zero variance.). Input all amounts as positive values Malenais pace and 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: 545 Direct materials: 5 pounds at 59 per pound Direct labor: 3 hours at 514 per hour Variable overhead: 3 hours at 59 per hour Total standard cost per unit 27 $ 114 The planning budget for March was based on producing and selling 20.000 unts. However, during March the company actually produced and sold 24.800 units and incurred the following costs: a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct laborers worked 65,000 hours at a rate of $15 per hour, Total variable manufacturing overhead for the month was $612.300. 4. What is the materias quantity variance for Marcha indicate the effect of each variance by selecting for favorable for unfavorable, and None for no effect Lezero variance: Input all amounts as positive values Material quarance 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 59 per pound Direct labor! 3 hours at $14 per hour Variable overhead: 3 hours at 39 per hour Total standard cost per unit $ 45 42 27 5114 The planning budget for March was based on producing and selling 20.000 units. However, during March the company actually produced and sold 24.800 units and incurred the following costs: a. Purchased 155.000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production, b. Direct laborers worked 65.000 hours at a rate of $15 per hour. c. Total vanable manufacturing overhead for the month was $612.300. 5. If Preble had purchased 180.000 pounds of materials at $720 per pound and used 155,000 pounds in production, what would be the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable y for unfavorable and "None" for no effect (Lei zero variance. Input all amounts as positive values.) Materials toe vanane 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 $9 per pound Direct labore 3 hours at 514 per hour Variable overhead: 3 hours at $9 per hour Total standard cost per unit $ 45 42 27 $ 114 The planning budget for March was based on producing and selling 20.000 units. However, during March the company actually produced and cold 24.800 units and incurred the following costs: a. Purchased 155.000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in producton b. Direct laborers worked 65.000 hours at a rate of $15 per hour. c. Total variable manufacturing overhead for the month was $612,300 6. If Preble had purchased 180.000 pounds of materials at $720 per pound and used 155.000 pounds in production, what would be the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable. Um for unfavorable and "None for no effectie. zeto variance.). Input all amounts as positive values.) Mitaris quantity ance Required Information [The following information applies to the questions displayed below.) Preble Company manufactures one product. Its varlable 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 39 per pound Direct labor: 3 hours at 314 per hour Variable overhead: 3 hours at $9 per hour Total standard cost per unit $45 42 27 $114 The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24.800 units and incurred the following costs: a. Purchased 155.000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b Direct laborers worked 65.000 hours at a rate of $15 per hour c. Total variable manufacturing overhead for the month was $612.300 7 What direct labor cost would be included in the company's planning budget for March? Director

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