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b. What direct labor cost would be included in thecompany’s flexible budget for March?
c. What is the labor rate variance for March?
d. What is the labor efficiency variance forMarch?
e. What is the labor spending variance for March?
f. What variable manufacturing overhead cost would beincluded in the company’s planning budget for March?
g. What variable manufacturing overhead cost would beincluded in the company’s flexible budget for March?
h. What is the variable overhead rate variance forMarch?
i. What is the variable overhead efficiency variance forMarch?
Thanks so so much!
! Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Required information The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [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 materials: 5 pounds at $9 per pound Direct labor: 3 hours at $14 per hour Variable overhead: 3 hours at $8 per hour. Total standard cost per unit $45 42 24 $ 111 The planning budget for March was based on producing and selling 28,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 180,000 pounds of raw materials at a cost of $8.50 per pound. All of this material was used in production. b. Direct laborers worked 69,000 hours at a rate of $15 per hour. c. Total variable manufacturing overhead for the month was $565,110. Foundational 10-1 (Algo) Return to