7 Part 7 of 10 Required information The Foundational 15 (Static) [LO10-1, LO10-2, LO10-3] (The following information applies to the questions displayed below.) 10 points 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: eBook Direct materials: 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 cost per unit $40.00 28.00 10.00 $78.00 Print 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: References a. Purchased 160,000 pounds of raw materials at cost of $7.50 per pound. All of this material was used in production. b. Direct laborers worked 55,000 hours at a rate $15.00 per hour. C. Total variable manufacturing overhead for the month was $280,500. Foundational 10-7 (Static) 7. What direct labor cost would be included in the company's planning budget for March? Direct labor cost