2. What raw materials cost would be included in the company's flexible budget for March? The planning budget for March was based on producing and selling 28,000 units. However, dur actually produced and sold 33,000 units and incurred the following costs: a. Purchased 165,000 pounds of raw materials at a cost of $7.20 per pound. All of this material b. Direct laborers worked 58,000 hours at a rate of $13 per hour. c. Total variable manufacturing overhead for the month was $729,060. Foundational 10-1 (Algo) Required: 1. What raw materials cost would be included in the company's planning budget for March? 3. What is the materials price variance for March? Note: Indicote the effect of eoch variance by selecting "F" for favorable, " U " for unfovorable, and "None" for no effect (i.e., zero voriance.). Input all amounts os positive values. Required informotion The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [The following information applies to the questions displayed below] Preble Company manufactures one product. Its variable manufacturing overhead is applied to prodtiction based on direct labor-hours and its standard cost card per unit is as follows: The planning budget for March was based on producing and selling 28.000 units. However, during March the company actually produced and sold 33,000 units and incurred the following costs: a. Purchased 165,000 pounds of raw materlals at a cost of $7.20 per pound. All of this material was used in production. b. Direct laborers worked 58,000 hours at a rate of $13 per hour. c. Total varlable manufacturing overhead for the month was $729.060