Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ! required information [the following information

! Required information [The following information applies to the questions displayed below.] Preble...

70.2K

Verified Solution

Question

Accounting

!
Required information
[The following information applies to the questions displayed below.]
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct
labour-hours, and its standard costs per unit are as follows:
The company planned to produce and sell 26,000 units in March. However, during March the company actually produced
and sold 31,000 units and incurred the following costs:
a. Purchased 155,000kg of raw materials at a cost of $7.20 per kg. All of this material was used in production.
b. Direct labour: 56,000 hours at a rate of $16 per hour.
c. Total variable manufacturing overhead for the month was $524,720.
If Preble had purchased 171,000kg of materials at $7.20 per kg and used 155,000kg in production, what would be the materials
quantity 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.). Do not round intermediate calculations.)
image

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

Psychology
1.2K views

Discuss the theory of nature as a restorative environment. How does being in nature support restoration,...

General Management
1.2K views

(Value of Information): Midwest Freight Inc. (MFI) is a logistics company handling fragile item shipping. MFI has...

Basic Math
1.2K views

Out of the variables provided below: 1) Select one dependent variable, one primary independent variable, and one...

Accounting
1.2K views

explain the situations that are related to the transfer of products between divisions located in different...

Biology
1.2K views

Which of the following statements is CORRECT about diffusion It is very rapid over long...

Statistics
1.2K views

There are 12 members on a city council At a recent city council meeting 4...

Calculus
1.2K views

The following table shows the height at half second intervals of a rock that breaks...

Accounting
1.2K views

Namiki, CPA, is auditing the financial statements of Taylor Corporation for the year ended December...

Accounting
1.2K views

When a business makes a decision as to which industry or the kinds of business...

Accounting
1.2K views

Barton Corporation acquires a coal mine at a cost of $1,500,000. Intangible development costs total...

Accounting
1.2K views

K You are provided with the following amounts for Diane Welsey for the current year:...

Accounting
1.2K views

The following selected account balances are taken from the financial statements of Pina Inc. at...