Preble Company manufactures one product. its variable manufacturing overhead is applied to production based on direct labour-hours and its standard cost card per unit is as follows: Direct material: 5 pounds at $19 per pound $ 59 Direct labour: 4 hours at $16 per hour 64 Variable overhead: 4 hours at $7 per hour 28 DUNS Total standard variable cost per unit $142 Fixed overhead was budgeted at $589,000. Fixed overhead is applied on the basis of direct Ia bouthours. The company also established the following cost formulas for its selling expenses: Fixed Cost per Variable Cost per Month Unit Sold Advertising $ 229,996 Sales salaries and commissions $ 128,898 $ 14.86 Shipping expenses $ 5.89 The static (i.e., planning) budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs: The static (i.e., planning) budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 24,600 units and incurred the following costs: 1 a. Purchased 164,000 pounds of raw materials at a cost of $7.5 per pound. All of this material was used in production. 1). Direct-labourers worked 57,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $653,200. And xed manufacturing overhead was $584,000. d. Total advertising, sales salaries and commissions, and shipping expenses were $232,000, $460,000, and $143,000, respectively. Required: What is the materials price variance for March? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and \"None" for no effect (i.e., zero variance.\