7 Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labour-hours and its standard cost card per unit is as follows: 25 points Direct material: 5 pounds at $10 per pound Direct labour: 3 hours at $14 per hour Variable overhead: 3 hours at 54 per hour Total standard variable cost per unit $ 50 42 12 $184 03.00.00 Fixed overhead was budgeted at $623,000 Fixed overhead is applied on the basis of direct labour-hours. The company also established the following cost formulas for its selling expenses. Fixed cost per Valable Cost per Month Unit Sold Advertising $390,000 Sales salaries and comissions 250,000 $12.00 Shiping expenses 5 1 3.00 The stolice Planning budget for March was based on producing and selling 29000 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 $95 per pound Al of this material was used in production 6. Duectabourers worked 74.000 hours at tate of $15 perlu Total verable manufacturing overhead for the man w $440200. And feed manufacturing overhead was 5618,000 data dvertising sole selles and commissions, and sponges were $92000 690000 and $134000. respectively actually produced and sold 34,200 units and incurred the following costs: 7 a. Purchased 180,000 pounds of raw materials at a cost of $9.5 per pound. All of this material was used in production b. Direct-labourers worked 74,000 hours at a rate of $15 per hour c. Total variable manufacturing overhead for the month was $440,200. And fixed manufacturing overhead was $618,000, d. Total advertising, sales salaries and commissions, and shipping expenses were $392,000, 5690.000, and $134.000, respectively 25 points 8:00:41 Required: What is the materials price variance for March? (Input the amount as a positive value. Leave no cells blank - be certain to enter to wherever required. Indicate the effect of each varlance by selecting "P" for favourable, "U" for unfavourable, and "None" for no effect (le, zero variance.).) Mais price variance