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3 Required Information The Foundational 15(Algo)[LO10-1, LO10-2, LO10-3] [The following information applles...

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Accounting

3
Required Information
The Foundational 15(Algo)[LO10-1, LO10-2, LO10-3]
[The following information applles to the questions displayed below]
Preble Company manufactures one product. Its varlable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:
Direct materials: 6 pounds at $8 per pound Direct labor: 4 hours at $17 per hour variable overhead: 4 hours at $4 per hour Total standard cost per unit
The planning budget for March was based on producing and selling 19,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs:
a. Purchased 160,000 pounds of raw materlals at a cost of $7,20 per pound. All of this materlal was used in production.
b. Direct laborers worked 72,000 hours at a rate of $18 per hour.
c. Total varlable manufacturing overhead for the month was $336,960.
Foundational 10-12(Algo)
12. What varlable manufacturing overhead cost would be included in the company's planning budget for March?
Variable manufacturing overhead cost
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