pter 10 Assignment (Standard Costs) Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate comple 2 2016 Required information The following information applies to the questions displayed below.) 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: 5 kg at $9.00 per kg Direct labour 3 hours at $14 per hour Variable overheads 3 hours at 58 per hour $ 45.00 42.00 24.00 Total standard cont per unit $111.00 The company planned to produce and sell 28,000 units in March. However, during March the company actually produced and sold 34,000 units and incurred the following costs. a. Purchased 180.000 kg of raw materials at a cost of $8.50 per kg. All of this material was used in production c. Total variable manufacturing overhead for the month was $565,110. 2. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance..) Answer is complete but not entirely correct. Material quantity variance $ 54,000 U