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

Required information [The following information applies to the questions displayed below.] Preble Company manufactures one...

80.2K

Verified Solution

Question

Accounting

image 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 24,000 units in March. However, during March the company actually produced and sold 30,600 units and incurred the following costs: a. Purchased 170,000kg of raw materials at a cost of $9.00 per kg. All of this material was used in production. b. Direct labour: 68,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $512,040. If Preble had purchased 183,000kg of materials at $9.00 per kg and used 170,000kg in production, what would be the materials Iantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" fo effect (i.e., zero variance.). Do not round intermediate calculations.)

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