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: $4 Direct material: 6 pounds at 55 per pound Direct labour 4 hours at $17 per hour Variable overhead: 4 hours at 54 per hour Total standard variable cost per unit 16 $132 05 Fixed overhead was budgeted at $619,000 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 Variable cost per Months Unit Sold Advertising $ 370,000 Sales salaries and comissions $ 270,000 $15.00 Shipping expenses $ 5.00 The static le planning) budget for March was based on producing and selling 19,000 units. However, during March the company actually produced and sold 24000 units and incurred the following costs Purchased 160.000 pounds of raw materials at a cost of $72 per pound. All of this material was used in production b. Direct labourers worked 72.000 hours at a rate of $18 per hour c Total variable manufacturing overhead for the month was $336,600 And fowed manufacturing overhead was $64.000 d Total advertising, sales salaries and commissions, and shipping expenses were $380.000 $430,000 and 5132000, cospectively Required: Preble had purchased 187000 pounds of materials at 572 per pound and used 150.000 pounds in production, what would be the More for March? input the amounts positive value Leave cells blankbe certain to enter"0" wherever The static (e. planning) budget for March was based on producing and selling 19,000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $72 per pound. All of this material was used in production b. Direct-labourers worked 72,000 hours at a rate of $18 per hour c. Total variable manufacturing overhead for the month was $336,600. And fixed manufacturing overhead was $614,000 d. Total advertising, sales salaries and commissions, and shipping expenses were $380,000, $430,000, and $132,000, respectively. Required: If Preble had purchased 187,000 pounds of materials at $7.2 per pound and used 160.000 pounds in production, what would be the materials price variance for March? (Input the amount as e positive value. Leave no cells blank.be certain to enter "o" wherever required. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effectie zero variance...) Materials price vanance