1.What raw materials cost would be included in the company's planning budget for March?2.What is the materials price variance for March?3. If Preble had purchased 189000 pounds of materials at $9.50 per pound and used 180000 pounds in production, what would be the material price variance for March?4. What direct labor cost would be included in the company's planning budget for March?

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: 5 pounds at $10 per pound $ 50 Direct labor: 4 hours at $14 per hour 56 Variable overhead: 4 hours at $4 per hour 16 Total standard cost per unit $ 122 The planning budget for March was based on producing and selling 29,000 units. However, during March the company actually produced and sold 34,200 units and incurred the following costs: a. Purchased 180,000 pounds of raw materials at a cost of $9.50 per pound. All of this material was used in production. b. Direct laborers worked 74,000 hours at a rate of $15 per hour. c. Total variable manufacturing overhead for the month was $440,300. Foundational 10-1