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

Required Information The following Information applies to the questions displayed below Preble Company manufactures one...

50.1K

Verified Solution

Question

Accounting

image
Required Information The following Information applies to the questions displayed below Preble Company manufactures one product Its variable manufacturting overhead is applied to production based on direct labor-hours and Its standard cost card per unlt Is as follows: Direct materials: 5 pounds at $8.00 per pound $40.00 Direct labor: 2 hours at $14 per hour Variable overhead: 2 hours at $5 per hour Total standard cost per unit 28.00 10.00 $78.00 The planning budget for March was based on producing and selling 25,000 units. However. during March the company actually produced and sold 30,000 units and Incurred the following costs raw matertals at a cost of $7.50 per pound. All of this matertal was used in production. a. Purchased 160,000 b. Direct laborers worked 55,000 hours at a rate of $15.00 per hour C. Total variable manufacturing overhead for the month was $280,500. 1.What is the labor spending varlance for March? (Indicate the effect of each variance by selecting "F" for unfavorable, and "None" for no effect (l.e., zero varlance.). Input all amounts as positive values.) varance

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

Medical Sciences
1.2K views

Discuss five (5) PROS associated with a Laryngectomee’s use of the electrolarynx

Physics
1.2K views

A hunter is standing on flat ground between two vertical cliffs that are directly opposite one...

Physics
1.2K views

A bumper car with mass m1 = 106.0 kg is moving to the right with a...

Biology
1.2K views

estion 8 The same basic array of bones is modified to give rise to the...

Calculus
1.2K views

Use the half angle formulas to determine the exact values of the sine cosine and...

Algebra
1.2K views

Let E 0 sin2 24 0 Let P 2 3 2 4 3 5 4...

Algebra
1.2K views

The gender and year of each of the 221 students in a high school band...

Accounting
1.2K views

difend Cleaners has been considering the purchase of an industrial drycleaning machine. The existing machine...

Accounting
1.2K views

What are the four strategies for managing customerinduced variability

Accounting
1.2K views

Benson Manufacturing Company began operations on January 1. During the year, it started and completed...

Accounting
1.2K views

These transactions took place for Crane Company 2021 May 1 Received a $6,900, 12-month, 7%...

Accounting
1.2K views

Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company...