1 Part 1 of 15 10 points 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 labor-hours and its standard cost card per unit is as follows: Direct material: 6 pounds at $8.00 per pound 03:05:05 Direct labor: 4 hours at $17 per hour Variable overhead: 4 hours at $4 per hour Total standard variable cost per unit $ 48.00 68.00 16.00 $ 132.00 The company also established the following cost formulas for its selling expenses: Print Advertising Sales salaries and commissions Variable Fixed Cost per Cost per Month Unit Sold $ 370,000 $ 440,000 $ 29.00 $ 20.00 Shipping expenses The planning budget for March was based on producing and selling 19,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 72,000 hours at a rate of $18.00 per hour. c. Total variable manufacturing overhead for the month was $336,960. d. Total advertising, sales salaries and commissions, and shipping expenses were $374,000, $540,000, and $285,000, respectively.