Preble Compony manufoctures one product. is variable mandfacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: The compony also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 19,000 unts. However, during March the company octually produced and sold 24,000 units ond incurred the following costs 0. Purchosed 160.000 pounds of raw materiols at a cost of $7.20 per pound. All of this materisl was used in production. b. Directlaborers worked 60,000 hours at a fate of $15.00 set heur. c. Fotal varioble manufacturing overheod for the month was $336,600 d. Total sotvertising. sales salanes and commissbons, and shipping expenses were $260,000,$480,000, and $165,000. respectively: 5. If Preble had purchased 175,000 pounds of maleriats os 57.20 per pound and used 160.000 pounds in production, what would be the materias price warience for Morch? findicate the effect of each variance by selecting "F" for favorable, "UT for unfavorable, and "None" for no effect (L.e., zero varience.j. Input the amount as a positive value.) 6. What difect labor cost would be included in the company's flexible budget for March? 7. What is the direct labor efficiency wanance for March? fthdicate the effect of each varlance by selecting "F" for favorable, "UF for unfevorable, and "None" for no effect (i.e., zero varlence.t. Input the amount os a posithe value.) 8. What is the direct iabor rase variance for March? (Indicate the effect of each variance by selecting "F' for favorabie, 'U" for unfavorable, and 'None' for no effect (i.e., zero variance.). Input the amount as a positive valub.)