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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:

The planning budget for March was based on producing and selling $29,000$ units. However, during March the company

actually produced and sold $34,000$ units and incurred the following costs:

a$.$ Purchased $160,000$ pounds of raw materials at a cost of $$8\mathrm{.}50$ per pound. All of this material was used in production.

b$.$ Direct laborers worked $59,000$ hours at a rate of $$14$ per hour.

c$.$ Total variable manufacturing overhead for the month was $$564,040.$

$1.$ What raw materials cost would be included in the company$$s planning budget for March? $2.$ What raw materials cost would be included in the company$$s flexible budget for March? $3.$ What is the materials price variance for March? $4.$ What is the materials quantity variance for March? $5.$ If Preble had purchased $174,000$ pounds of materials at $$8\mathrm{.}50$ per pound and used $160,000$ pounds in production, what would be the materials price variance for March? $6.$ If Preble had purchased $174,000$ pounds of materials at $$8\mathrm{.}50$ per pound and used $160,000$ pounds in production, what would be the materials quantity variance for March? $7.$ 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? $10.$ What is the labor efficiency variance for March? $11.$ What is the labor spending variance for March?

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