Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labour-hours, and its standard costs per unit are as follows: $ Direct materials: 4 kg at $8.00 per kg Direct labour: 2 hours at $16 per hour Variable overhead: 2 hours at $6 per hour Total standard cost per unit 32.00 32.00 12.00 $ 76.00 The company planned to produce and sell 32,000 units in March. However, during March the company actually produced and sold 37,000 units and incurred the following costs: a. Purchased 160,000 kg of raw materials at a cost of $7.40 per kg. All of this material was used in production b. Direct labour 67,000 hours at a rate of $17 per hour c. Total variable manufacturing overhead for the month was $422,100 2. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect i.e., zero variance.).) Materials quantity variance Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labour-hours, and its standard costs per unit are as follows: Direct materials: 4 kg at $8.00 per kg Direct labour: 2 hours at $16 per hour Variable overhead: 2 hours at $6 per hour $ 32.00 32.00 12.00 Total standard cost er unit S76.00 The company planned to produce and sell 32,000 units in March. However, during March the company actually produced and sold 37.000 units and incurred the following costs a. Purchased 160,000 kg of raw materials at a cost of $740 per ko. All of this material was used in production b. Direct labour 67,000 hours at a rate of $17 per hour c. Total variable manufacturing overhead for the month was $422100 4. Preble had purchased 182.000 kg of materials at $740 per kg and used 160.000 kg in production, what would be the materials quantity variance for March? (Indicate the effect of each variance by selecting for favorable for unfavorable, and "None for no effect fi.e., zero vorlonce.). Do not round Intermediate calculations.) Material quantity variance