### Cost Analysis for Preble Company Product**Standard Cost Card per Unit:**- **Direct Material:** 4 pounds at $9.00 per pound = **$36.00**- **Direct Labor:** 3 hours at $15 per hour = **$45.00**- **Variable Overhead:** 3 hours at $6 per hour = **$18.00**- **Total Standard Variable Cost per Unit:** **$99.00**---**Cost Formulas for Selling Expenses:**- **Advertising:** - Fixed Cost per Month: **$210,000**- **Sales Salaries and Commissions:** - Fixed Cost per Month: **$120,000** - Variable Cost per Unit Sold: **$13.00**- **Shipping Expenses:** - Variable Cost per Unit Sold: **$4.00**---### Budget and Actual Data for March- **Planning Budget:** Based on producing and selling 26,000 units.- **Actual Production and Sales:** 31,000 units.- **Incurred Costs:** a. **Raw Materials:** 155,000 pounds purchased at $7.20 per pound, all used in production. b. **Direct Labor:** 56,000 hours at $16.00 per hour. c. **Total Variable Manufacturing Overhead:** **$524,720** d. **Expenses:** - Advertising: **$220,000** - Sales Salaries and Commissions: **$460,000** - Shipping Expenses: **$125,000**---### Direct Labor Efficiency Variance for March**Question:** What is the direct labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect. Input the amount as a positive value.) - **Direct Labor Efficiency Variance**: [Input Box]This information provides a comprehensive overview of the manufacturing costs, budgeted versus actual production, and efficiency variance.

Answer :Direct labor efficiency variance = (Standard hours - Actual hours) * Standard rate Standard…

Answered: 3 hours a able cost

Business

Accounting

3 hours a able cost

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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