Preble Company manufactures one product its variable manufacturing overhead applied to production based on direct labour hours and its standard cost card per unit is as follows 154 45 Direct materiall rounds at 59 per pound Direct labour hours at 515 per hour Variable overhead hours at $5 per hour Total standard variable cost per unit $114 Fixed overhead was budgeted at $597000 Fixed overhead is applied on the basis of direct lobour hours. The company ako established the following cost formulas for its selling expenses. Fixed cost per Honth 5 200,000 $ 160,000 Vartable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses $13.00 4.00 The staticale, planning) budget for March was based on producing and selling 20.000 units. However, during Match the company actually produced and sold 25.000 units and incurred the following costs a. Purchased 180,000 pounds of raw materials at a cost of $75 per pound. All of this material was used in production b. Direct-labourers worked 61,000 hours at a rate of $16 per hour Total variable manufacturing overhead for the month was $306,000. And fixed manufacturing overhead was $592.000 d. Total advertising, sales salaries and commissions, and shipping expenses were $267,000 $480,000, and $105,000, respectively. Required: What is the materials price variance for March? (Input the amount as a positive value. Leave ne cells blank be certain to enter wherever required. Indicate the effect of each variance by selecting "P" for favourable. "U" for unfavourable, and "None" for no effect (ie, zero variance) Materials price variance Assement Pool Frame