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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

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 $7 per pound $ 35
Direct labor: 3 hours at $16 per hour 48
Variable overhead: 3 hours at $4 per hour 12
Total standard cost per unit $ 95
The planning budget for March was based on producing and selling 30,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs:
Purchased 175,000 pounds of raw materials at a cost of $6.80 per pound. All of this material was used in production.
Direct laborers worked 71,000 hours at a rate of $17 per hour.
Total variable manufacturing overhead for the month was $340,090.
4. What is the materials quantity variance for March?

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