Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on...
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Accounting
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct laborhours 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 units. However, during March the company actually produced and sold units and incurred the following costs: a Purchased pounds of raw materials at a cost of $ per pound. All of this material was used in production. b Directlaborers worked hours at a rate of $ per hour. c Total variable manufacturing overhead for the month was $ d Total advertising, sales salaries and commissions, and shipping expenses were $$ and $ respectively. Required: What raw materials cost would be included in the company's flexible budget for March?
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct
laborhours and its standard cost card per unit is as follows:
The company also established the following cost formulas for its selling expenses:
The planning budget for March was based on producing and selling units. However, during March the company
actually produced and sold units and incurred the following costs:
a Purchased pounds of raw materials at a cost of $ per pound. All of this material was used in production.
b Directlaborers worked hours at a rate of $ per hour.
c Total variable manufacturing overhead for the month was $
d Total advertising, sales salaries and commissions, and shipping expenses were $$ and $
respectively.
Required:
What raw materials cost would be included in the company's flexible budget for March?
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