Business, 13.03.2020 02:28 sofipalis9869

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 materials: 6 pounds at $8 per pound$48 Direct labor: 4 hours at $13 per hour 52 Variable overhead: 4 hours at $5 per hour 20 Total standard cost per unit$120 The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 25,500 units and incurred the following costs: Purchased 170,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. Direct laborers worked 73,000 hours at a rate of $14 per hour. Total variable manufacturing overhead for the month was $427,050. rev: 11_20_2017_QC_CS-109672

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