Preble Compony manufsctures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its stendard cost cerd per unit is as follows: The compeny also established the following cost formulas for its selling expenses: The plonning budget for March was bosed on producing and selling 19,000 units. However, during Morch the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 160.000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production. b. Direct-laborers worked 60.000 hours at a rate of 515.00 per hour. c. Total variable manufacturing overhead for the month was $336,600. d. Total advertising. sales salaries and commissions, and shipping expenses were $260,000,9480,000, and $165.000. respectively. 1. What raw materials cost would be included in the company's flexible budget for March? 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.). Input the amount as a positive value.) 3. What is the materials price 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.). Input the amount as a positive value.) 4. If Preble had purchased 175,000 pounds of materials at $7.20 per pound and used 160,000 pounds in production, what would be the materials quantity varlance 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.). Input the amount as a positive value.) 5. If Preble had purchased 175,000 pounds of materials at $7.20 per pound and used 160,000 pounds in production, what would be the materials price 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.). Input the amount as a positive value.)