12.00 Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct Tabor hours and its standard cost card per unit is as follows: Direct material: pounds at $8.00 per pound $ 32.00 Direct labort 2 hours at $16 per hour 32.00 Variable overheadt 2 hours at $6 per hour Total standard variable cont per unit 5 76.00 The company also established the following cost formulas for its selling expenses: Variable Fixed Cont Cost per por Month Unit Sold divertising 5.320,000 Sales salaries and commissions $140.000 5.24.00 Shipping expenses 5.15.00 The planning budget for March was based on producing and selling 32,000 units. However, during March the company actually produced and sold 37,000 units and incurred the following costs a. Purchased 160,000 pounds of raw materials at a cost of 5740 per pound. All of this material was used in production b. Direct-laborers worked 67,000 hours at a rate of $17.00 per hour. c. Total variable manufacturing overhead for the month was $422.100. d. Total advertising, sales salaries and commissions, and shipping expenses were $329,000, S515,000, and $235.000 respectively 6. What direct labor cost would be included in the company's flexible budget for March? Answer is complete but not entirely correct. Direct labor cost $ 1,024,000 7. 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 (i.e., zero variance.). Input the amount as a positive value.) Direct laborency variance 8. What is the direct labor rate variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.) Direct labor rula vananca