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 $8 per pound Direct labour: 3 hours at $15 per hour Variable overhead: 3 hours at $9 per hour Total standard variable cost per unit $ 40 45 22 $112 Fixed overhead was budgeted at $615,000. Fixed overhead is applied on the basis of direct labour-hours. The company also established the following cost formulas for its selling expenses: Fixed Cost per Month $ 350,000 $ 250,00 Variable cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses $ 13.00 4.00 The static (1.e.. planning) budget for March was based on producing and selling 21,000 units. However, during March the actually produced and sold 25,000 units and incurred the following costs: company a. Purchased 160.000 pounds of raw materials at a cost of $6.5 per pound. All of this material was used in production. b. Direct-labourers worked 70.000 hours at a rate of $16 per hour. c. Total variable manufacturing overhead for the month was $655,200. And fixed manufacturing overhead was $610.000, d. Total advertising, sales salaries and commissions, and shipping expenses were $364,000, $579,000, and $130.000, respectively. Required: What raw materials cost would be included in the company's flexible budget for March? Raw material cost