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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

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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: 4 pounds at $8 per pound Direct labouri 2 hours at $16 per hour Variable overhead: 2 hours at 56 per hour Total standard variable cost per unit 532 32 12 $76 Fixed overhead was budgeted at $609,000. Fixed overhead is applied on the basis of direct labour-hours. The company also established the following cost formules for its selling expenses Fixed Cost per Variable Cost per Month Unit Sold Advertising $ 320,000 Sales salaries and commissions $ 220,000 $14.00 Shipping expenses $ 3.00 The static le planning) budget for March was based on producing and selling 32.000 units. However, during March the company actually produced and sold 37.000 units and incurred the following costs a Purchased 160.000 pounds of raw materials at a cost of $74 per pound. All of this material was used in production b. Direct labourers worked 67,000 hours at a rate of $17 per hour Total variable manufacturing overhead for the month was $422.100. And fixed manufacturing overhead was $604,000. d. Total advertising, sales salaries and commissions, and shoping expenses were $321000, 5731000 and $127.000, respectively Required: What raw materials cost would be included in the company's fiexible budget for March The static le planning) budget for March was based on producing and selling 32,000 units. However, during March the company actually produced and sold 37,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $74 per pound. All of this material was used in production b. Direct-labourers worked 67,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $422,100. And fixed manufacturing overhead was $604,000. d. Total advertising, sales salaries and commissions, and shipping expenses were $321,000, $731,000 and $127,000, respectively Required: What raw materials cost would be included in the company's flexible budget for March? Raw material cost w

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