Preble Company manufactures one product. Its variable manufacturing overhead is applled to production based on direct labor-hours and its standard cost card per unit is as follows Direct materlal: 6 pounds at $9.00 per pound 54.00 Direct labor: 5 hours at $13.00 per hour Varlable overhead: 5 hours at $3.00 per hour 65.00 15.00 Total standard varlable cost per unlt $134.00 The company also established the following cost formulas for its selling expenses: FIxed Cost per Month $260,000 $120,000 Varlable Cost per Unit Sold Advertising Sales salarles and commlsslons Shipping expenses 11.00 $ 4.00 The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 25,000 units and Incurred the following costs: a. Purchased 180,000 pounds of raw materlals at a cost of $7.50 per pound. All of this material was used In b. c. d. production. Direct-laborers worked 115,000 hours at a rate of $14.00 per hour. Total varlable manufacturing overhead for the month was $350,250 Total advertising, sales salaries and commissions, and shipping expenses were $267,000, $350,750, and $105,000, respectively alue 0.66 points Required: 1. What raw materials cost would be included in the company's flexible budget for March? Raw material cost