[The following information applies to the questions displayed below Preble Company manufactures one product. Its...
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[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 labor-hours and its standard cost card per unit is as follows: Direct material: 4 pounds at $10.00 per pound Direct labor: 2 hours at $15.00 per hour Variable overhead: 2 hours at $9.00 per hour 40.00 30.00 18.00 Total standard variable cost per unit $ 88.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per Month $240.000 Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses $130.0001300 $ 3.00
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