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

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Accounting

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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:
Direct materials: 4kg at $9.00 per kg
Direct labour: 3 hours at $15 per hour
Variable overhead: 3 hours at $6 per hour
Total standard cost per unit
$36.00
45.00
18.00
$99.00
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.
What is 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.).)
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