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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: 6 pounds at $8 per pound $ 48
Direct labor: 4 hours at $13 per hour 52
Variable overhead: 4 hours at $5 per hour 20
Total standard cost per unit $ 120
The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 25,500 units and incurred the following costs:
Purchased 170,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production.
Direct laborers worked 73,000 hours at a rate of $14 per hour.
Total variable manufacturing overhead for the month was $427,050.
Foundational 10-1(Algo)
Required:
1. What raw materials cost would be included in the companys planning budget for March?

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