please answer all with working please answer in text . answer all please please please 1. What is the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for none effect.)2. What is the materials quantity variance for March?3. If Preble had purchases 182,000kg of materials at $7.40 per kg and used 160,000kg in productions, what would be the materials price variance efficiency for March?4. If Preble had purchases 182,000kg of materials at $7.40 per kg and used 160,000kg in productions, what would be the materials quantity variance efficiency for March?5. What is the labour rate variance for March?6. What is the labour efficiency for March? 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 directlabour-hours, and its standard costs per unit are as follows:Direct materials: 4 kg at $8.00 per kgDirect labour: 2 hours at $16 per hourVariable overhead: 2 hours at $6 per hourTotal standard cost per unit$32.0032.0012.00$76.00The company planned to produce and sell 32,000 units in March. However, during March the company actually producedand sold 37,000 units and incurred the following costsa. Purchased 160,000 kg of raw materials at a cost of $7.40 per kg. All of this material was used in production.b. Direct labour: 67,000 hours at a rate of $17 per hourc. Total variable manufacturing overhead for the month was $422,100

The variance are used to control costs. The variance arise when the planned or budgeted cost are…

Answered: Required information [The following…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter9: Standard Costing: A Functional-based Control Approach

Section: Chapter Questions

Problem 30P: Algers Company produces dry fertilizer. At the beginning of the year, Algers had the following...

See similar textbooks

Related questions

Concept explainers

Question

please answer all with working please answer in text . answer all please please please

1. What is the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for none effect.)

2. What is the materials quantity variance for March?

3. If Preble had purchases 182,000kg of materials at $7.40 per kg and used 160,000kg in productions, what would be the materials price variance efficiency for March?

4. If Preble had purchases 182,000kg of materials at $7.40 per kg and used 160,000kg in productions, what would be the materials quantity variance efficiency for March?

5. What is the labour rate variance for March?

6. What is the labour efficiency for March?

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: 4 kg at $8.00 per kg
Direct labour: 2 hours at $16 per hour
Variable overhead: 2 hours at $6 per hour
Total standard cost per unit
$32.00
32.00
12.00
$76.00
The company planned to produce and sell 32,000 units in March. However, during March the company actually produced
and sold 37,000 units and incurred the following costs
a. Purchased 160,000 kg of raw materials at a cost of $7.40 per kg. All of this material was used in production.
b. Direct labour: 67,000 hours at a rate of $17 per hour
c. Total variable manufacturing overhead for the month was $422,100

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions