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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct abor-hours and its standard cost card per unit is as follows: The company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 19,000 units. However, duting March the cormpany octually prodiced and sold 24,000 units ond incurred the foliowing costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 per pound. All of this motenal wos used in production b. Direct-taborers worked 60,000 hours at a rate of 515.00 per hout. c. Total variabie monufacturing overhead for the manth was $336.600 d. Total advertising. Sales salaries and commissions, abd shipping expenses wore 5260.000,5480,000, and $165.000 fespectively The planning budget for March was based on producing and selling 19,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 60,000 hours at a rate of $15.00 per hour. c. Total variable manufacturing overhead for the month was $336,600. d. Total advertising. Sales salaries and commissions, and shipping expenses were $260,000,$480,000, and $165,000, respectively 2. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (t.e., zero variance.). Input the amount as a positive value.)