question 7

question 8

Check my work 7 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: Part 7 of 15 10 points Direct material: 5 pounds at $8.00 per pound $ 40.00 Direct labor: 3 hours at $15 per hour 45.00 Variable overhead: 3 hours at $9 per hour 27.00 Total standard variable cost per unit $112.00 The company also established the following cost formulas for its selling expenses: 7 Variable Cost per Unit Sold Fixed Cost per Month $ 350,000 $ 480,000 Advertising Sales salaries and commissions Shipping expenses Part 7 of 15 $27.60 $18.00 10 points The planning budget for March was based on producing and selling 21,000 units. However, during March the company actually produced and sold 26,000 units and incurred the following costs: Print a. Purchased 160,000 pounds of raw materials at a cost of $6.50 per pound. All of the material was uced in production. b. Direct-laborers worked 70,000 hours at a rate of $16.00 per hour. C. Total variable manufacturing overhead for the month was $655,200. d. Total advertising, sales salaries and commissions, and shipping expenses were $358,000, $530,000, and $265,000, respectively. Part 7 of 15 10 points Print 7. What is the direct labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zere variance Inout the amount as a positive value.) 8 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: Part 8 of 15 10 points Direct material: 5 pounds at $8.00 per pound $ 40.00 Direct labor: 3 hours at $15 per hour 45.00 Variable overhead: 3 hours at $9 per hour 27.00 Total standard variable cost per unit $112.00 Print The company also established the following cost formulas for its selling expenses: Check my work 00 Variable Cost per Unit Sold Fixed Cost per Month $ 350,000 $ 400,000 Advertising Sales salaries and commissions Shipping expenses Part 8 of 15 $27.00 $18.00 10 points The planning budget for March was based on producing and selling 21,000 units. However, during March the company actually produced and sold 26,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $6.50 per pound. All of this material was used in production. Check my work 00 b. Direct-laborers worked 70,000 hours at a rate of $16.00 per hour. C. Total variable manufacturing overhead for the month was $655,200. d. Total advertising, sales salaries and commissions, and shipping expenses were $358,000, $530,000, and $265,000, respectively. Part 8 of 15 10 points Print 8. What is the direct labor rate variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.)