Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($410.00g) 200 $82,000 Expenses: Hages and salaries ($11,600+ $126.00g) Supplies ($3.00g) Equipment rental ($2,500 $22.009) Insurance ($4,000) Miscellaneous ($530+ $1.420) Total expense Net operating income During May, the company's actual activity was 190 diving-hours 36,800 600 6,900 4,000 814 49,114 $ 32,886 Required: Prepare a flexible budget for May (Round your answers to the nearest whole doller.) Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct material: 5 pounds at $8.00 per pound Direct labor: 3 hours at $15 per hour Variable overhead: 3 hours at $9 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month $ 350,000 $ 400,000 $ 40.00 45.00 27.00 $ 112.00 $ 27.00 $18.00 The planning budget for March was based on producing and selling 21,000 units. However, during March the company actually produced and sold 26,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $6.50 per pound. All of this material was used in production. b. Direct-laborers worked 70,000 hours at a rate of $16.00 per hour. c Total variable manufacturing overhead for the month was $655,200 d. Total advertising, sales salaries and commissions, and shipping expenses were $358,000, $530,000, and $265,000, respectively. Required: What raw materials cost would be included in the company's flexible budget for March?