Preble Company menufoctures one product. Its variable manufacturing overhead is opplied to production based on direct labor-hours and its stondord cost card per unit is as follows: Direct material: 5 pounds at $10.00 per pound Direct labor: 4 hours at $1700 per hour Variable overhead: 4 hours at $7.00 per hour 50.00 68.00 28.00 Total standord variable cost per unit S 146.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per Month $220,000 5265,000 riable Cost per Unit Sold Advertising Sales solories and commissions Shipping expenses $16.00 S 5.00 The plonning budget for March was bosed on producing and selling 20,000 units. However, during March the company actuelly produced and sold 24,600 units ond incurred the following costs: . Purchased 164,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in b. Direct-laborers worked 83,000 hours at o rate of $19.00 per hour. c. Total variable manufacturing overhead for the month was $653,220 d. Total advertising, soles salories and commissions, and shipping expenses were $232,000, $653,210, and $143.000, respectively. value: 1.00 points Required 1. What raw materials cost would be included in the company's flexible budget for March? Raw material cost