Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor$-$hours and its standard cost card per unit is as follows:Direct materials: $5$ pounds at $$11$ per poundDirect labor: $3$ hours at $$12$ per hourVariable overhead: $3$ hours at $$7$ per hourTotal standard cost per unit$ $553621$$ $112$The planning budget for March was based on producing and selling $21,000$ units. However, during March the company actually produced and sold $26,600$ units and incurred the following costs:a$.$ Purchased $154,000$ pounds of raw materials at a cost of $$9\mathrm{.}50$ per pound. All of this material was usedin production.b$.$ Direct laborers worked $63,000$ hours at a rate of $$13$ per hour.c$.$ Total variable manufacturing overhead for the month was $$510,930\mathrm{.}2.$ What raw materials cost would be included in the company's flexible budget for March?Required information

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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor$-$hours and its standard cost card per unit is as follows:

Direct materials: $5$ pounds at $$11$ per pound

Direct labor: $3$ hours at $$12$ per hour

Variable overhead: $3$ hours at $$7$ per hour

Total standard cost per unit

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