Direct material: 5 pounds at 58 per pound Direct labour 3 hours at $15 per hour Variable overhead: 3 hours at $9 per hour Total standard variable cost per unit $ 40 45 27 $112 Fixed overhead was budgeted at $615.000 Fixed overhead is applied on the basis of direct labour-hours. The company also established the following cost formulas for its selling expenses Variable Cost per Fixed Cost per Month $350,000 $250,000 Unit Sold Advertising Sales salaries and commissions Shipping expenses 513.00 $ 4.00 The static (e. planning) budget for March was based on producing and selling 21,000 units. However, during March the company actually produced and sold 26,000 units and incurred the following costs. a. Purchased 160,000 pounds of raw materials at a cost of $6.5 per pound All of this material was used in production b. Direct-labourers worked 70,000 hours at a rate of $16 per hour Total variable manufacturing overhead for the month was $655,200. And fixed manufacturing overhead was $610,000 d. Total advertising, sales salaries and commissions, and shipping expenses were $364,000, $579,000, and $130,000, respectively Required: Preble had purchased 185,000 pounds of materials at $6.5 per pound and used 160,000 rounds in production, what would be the materials quantity variance for March? (Input the amount os a positive value. Leave no cell blank.be certain to enter to wherever required. Indicate the effect of each variance by selecting "p" for favourable, "U" for unfavourable, and "None" for no effect (.e. zero variance.)) Mutacions quantity variance