Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. preble company manufactures one product. its varia

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on...

90.2K

Verified Solution

Question

Accounting

image
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: oft Direct materi11 5 pounds at $10 per pound Direct Labor 4 hours at $16 per hour Variable overheadt 4 hours at $7 per hour Total standard cont per unit 950 64 28 $142 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: ok a. Purchased 164,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production, b. Direct laborers worked 57,000 hours at a rate of $17 per hour, c. Total variable manufacturing overhead for the month was $653,220 Foundational 10-5 5. If Preble had purchased 172,000 pounds of materials at $7.50 per pound and used 164,000 pounds in production, what would be the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance.), Input all amounts as positive values.) Materiale price variance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Purkerson, Smith, and Traynor have operated a bookstore for a number of years as a partnership....

Chemistry
1.2K views

0.5 mole of a monatomic ideal gas is loaded into a cylinder and contained by a...

Psychology
1.2K views

Should terrorists be treated like criminals or enemy combatants? Why?

Advance Math
1.2K views

Find an injective morphism Z2 × Z2 ? S4. Is it possible to find an inclusion...

Accounting
1.2K views

Hashem started a business that offers legal services on 1 December 2019. The following are transactions occurred during...

Physics
1.2K views

107 In a closed circuit to maintain a steady current an external agency moves electrical...

Physics
1.2K views

17 points In the figure the values of the resistors are as follows R1 31...

Calculus
1.2K views

Find the area of the region bounded by the graphs of y e y e...

Algebra
1.2K views

Solve the inequality 5 x 4 11 X

Accounting
1.2K views

The Alliance Corporation expects to sell the following number of units of copper cables at...

Accounting
1.2K views

DeZurik Corp. had the following stockholders equity section in its June 30, 2019, balance sheet...

Accounting
1.2K views

Determine the price of a $1.2 million bond issue under each of the following independent...