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Preble Company manufactures one product . Its variable manufacturing overhead is applied to production based on direct Jabor hours and its standard cost card per unit is as follows: trect materialt 5 pounds at $8.00 per pound Direct Labor 2 hours at $14 per hour Variable overhead 2 hours at $5 per hour Total standard variable cost per unit $40.00 28.00 10.00 $78.00 The company also established the following cost formulas for its selling expenses Fixed cost per month $ 200,000 $ 100,000 Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses $ 12.ee 53.00 The planning budget for March was based on producing and selling 25.000 units. However, during March the company actually produced and sold 30,000 units and incurred the following costs Purchased 160.000 pounds of raw materials at a cost of $750 per pound. All of this material was used in production b. Direct-taborers worked 55,000 hours at a rate of $15.00 per hour. Total variable manufacturing overhead for the month was $280,500. d. Total advertising, sales salaries and commissions, and shipping expenses were $210,000, $455.000 and $115.000, respectively Required: 1. What raw matenals cost would be included in the company's flexible budget for March? Row to co VR6 2. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance), input the amount os a positive value) 3 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 no effect fizero variance.). Input the amount as a positive value.) 4. Preble had purchased 170 000 pounds of materials at $7.50 per pound and used 160.000 pounds in production, what would be the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect ...zero variance), input the amount of a positive value.)