Check my work Required information The following information applies to the questions displayed below! Preble Company manufactures one product. tts variable manufacturing overhead is applied to production based on direct labour-hours, and its standard costs per unit are as follows: Direct material kg at 58.00 per kg Direct Tabout 7 hours at $14 per hour Variable overhead hours at $5 per hour $48.00 42.00 15.00 Total standard cost per unit $105.00 The company planned to produce and sell 19.000 units in March. However, during Match the company actually produced and sold 24 000 units and incurred the following costs 3. Purchased 160.000 kg of raw materials at a cost of $7.20 per kg. All of this material was used in production b. Direct labour: 60,000 hours at a rate of 515 per hour Total variable manufacturing overhead for the month was $336,500 The company planned to produce and sell 19,000 units in March. However, during March the company actually produced and sold 24000 units and incurred the following costs: Purchased 160.000 kg of raw materials at a cost of $720 per kg. All of this material was used in production b. Direct labour: 60,000 hours at a rate of $15 per hout, Total variable manufacturing overhead for the month was $336,600 1. What is the materials price variance for March? (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effectie, tero variance.) Materials price U