Chapter 10 Graded 10 Graded Assignment Questions 1-15 (of 15) v The following information applies to the questions displayed below) based on direct manufactures one product. Its variable manufacturing overhead is applied to production labor-hours and its standard cost card per unit is as follows: Direct materials: 6 pounds at $8 per pound 48 Direct labor: 4 hours at $13 per hour 52 Variable overhead: 4 hours at $5 per hour 20 Total standard cost per unit 120 The planning budget for March was based on producing and selling 2000o units. However during March the company actually produced and sold 25.500 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $720 per pound. All of this material was used in production b. Direct laborers worked 73,000 hours at a rate of$14 per hour c. Total variable manufacturing overhead for the month was $427050 1.00 points 1. What raw materials cost would be included in the company's planning budget for March