Foundational $10-10($Algo$)$

$10.$ What is the labor efficiency variance for March?

Note: Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance.$).$ Input all amounts as positive values.

Answer is not complete. labor$-$hours and its standard cost card per unit is as follows:

The planning budget for March was based on producing and selling $20,000$ units. However, during March the company actually produced and sold $24,600$ units and incurred the following costs:

a$.$ Purchased $164,000$ pounds of raw materials at a cost of $\backslash (\backslash$$ $7\mathrm{.}50\backslash )$ per pound. All of this material was used in production.

b$.$ Direct laborers worked $57,000$ hours at a rate of $\backslash (\backslash$$ $17\backslash )$ per hour.

c$.$ Total variable manufacturing overhead for the month was $\backslash$$$653,220.$

Foundational $10-12($Algo$)$

$12.$ What variable manufacturing overhead cost would be included in the company's planning budget for March?

Foundational $10-10($Algo$)$

$10.$ What is the labor efficiency variance for March?

Note: Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance.$).$ Input all amounts as positive values.

Answer is not complete. 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 $20,000$ units. However, during March the company actually produced and sold $24,600$ units and incurred the following costs:

a$.$ Purchased $164,000$ pounds of raw materials at a cost of $\backslash (\backslash$$ $7\mathrm{.}50\backslash )$ per pound. All of this material was used in production.

b$.$ Direct laborers worked $57,000$ hours at a rate of $\backslash (\backslash$$ $17\backslash )$ per hour.

c$.$ Total variable manufacturing overhead for the month was $\backslash$$$653,220.$

Foundational $10-11($Algo$)$

$11.$ What is the labor spending variance for March?

Note: Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance.$).$ Input all amounts as positive values. labor$-$hours and its standard cost card per unit is as follows:

The planning budget for March was based on producing and selling $20,000$ units. However, during March the company actually produced and sold $24,600$ units and incurred the following costs:

a$.$ Purchased $164,000$ pounds of raw materials at a cost of $\backslash (\backslash$$ $7\mathrm{.}50\backslash )$ per pound. All of this material was used in production.

b$.$ Direct laborers worked $57,000$ hours at a rate of $\backslash (\backslash$$ $17\backslash )$ per hour.

c$.$ Total variable manufacturing overhead for the month was $\backslash$$$653,220.$

Foundational $10-12($Algo$)$

$12.$ What variable manufacturing overhead cost would be included in the company's planning budget for March?

labor$-$hours and its standard cost card per unit is as follows:

The planning budget for March was based on producing and selling $20,000$ units. However, during March the company actually produced and sold $24,600$ units and incurred the following costs:

a$.$ Purchased $164,000$ pounds of raw materials at a cost of $\backslash (\backslash$$ $7\mathrm{.}50\backslash )$ per pound. All of this material was used in production.

b$.$ Direct laborers worked $57,000$ hours at a rate of $\backslash (\backslash$$ $17\backslash )$ per hour.

c$.$ Total variable manufacturing overhead for the month was $\backslash$$$653,220.$

Foundational $10-13($Algo$)$

$13.$ What variable manufacturing overhead cost would be included in the company's flexible budget for March? 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 $20,000$ units. However, during March the company actually produced and sold $24,600$ units and incurred the following costs:

a$.$ Purchased $164,000$ pounds of raw materials at a cost of $\backslash (\backslash$$ $7\mathrm{.}50\backslash )$ per pound. All of this material was used in production.

b$.$ Direct laborers worked $57,000$ hours at a rate of $\backslash (\backslash$$ $17\backslash )$ per hour.

c$.$ Total variable manufacturing overhead for the month was $\backslash$$$653,220.$

Foundational $10-14($Algo$)$

$14.$ What is the variable overhead rate variance for March?

Note: Round the actual overhead rate to two decimal places. Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance.$).$ Input all amounts as positive values.

Variable overhead rate variance