Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. required information the foundational 15 (algo) [l

Required information The Foundational 15 (Algo) [LO9-1, LO9-2, L09-4, L09-5, LO9-6] [The following information applies...

60.1K

Verified Solution

Question

Accounting

image
image
Required information The Foundational 15 (Algo) [LO9-1, LO9-2, L09-4, L09-5, 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 thours and its standard cost card per unit is as follows The company also established the following cost formulas for its selling expenses: 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 $8.50 per pound. All of this material was used in production b. Direct-laborers worked 59,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $564.040 d. Total advertising. sales salaries and commissions, and shipping expenses were $245,000,$475,000, and $155.000. respectively oundational 9-2 (Algo) What is the materials quantify variance for March? (Indicate the effect of each variance by selecting "F" for fovorable, "U" for nfovorable, and "None" for no effect (i.e., zero voriance.). Input the amount os a positive volue.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

14 18 The Framingham Heart Study recorded the systolic blood pressure SBP of 3 534...

Statistics
Q

You are conducting a test of the claim that the row variable and the column variable...

Basic Math
Q

What is the function of major histocompatibility complex (MHC) proteins? What role do they play in...

Medical Sciences
Q

Question 42 Points 2 was a small town pilot who made the first solo transatlantic...

Biology
Q

QUESTION 5 Tuesday at school the boys and girls were asked separately what their favorite...

Basic Math
Q

The circle below has center o and its radius is 6 cm Given that mAOB...

Calculus
Q

Discuss the accounting treatment or disclosure that should be accorded a declared but unpaid cash...

Accounting
Q

Described below are three independent and unrelated situations involving accounting changes. Each change occurs during...

Accounting
Q

Prepare journal entries to record each of the following transactions of a merchandising company. The...

Accounting
Q

The following data is provided for a product to complete a cost-volume-profit analysis. Original...

Accounting
Q

On May 1, a tire store had a beginning inventory of 20 tires which it...

Accounting
Q

For Cullumber Company, actual sales are $1,060,000, and break even sales are $848,000 Question 12...

Accounting