Questions 1 15 (of 15) Foundational [LO10-1, LO10-2, L010-3) 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 labor-hours and its standard cost card per unit is as follows: 80 Direct materials: 8 pounds at $10 per pound 65 Direct labor: 5 hours at $13 per hour Variable overhead: 5 hours at $8 per hour 185 Total standard cost per unit The planning budget for March was based on producing and selling 15.000 units. However, during March the company actually produced and sold 17000 units and incurred the following costs: a. Purchased 17o.000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. a rate of $14 per hour. b. Direct laborers worked 64,000 hours at month was $513,920. c. Total variable manufacturing overhead for the References Foundational [LO10-1, LO10-2, LO 10-31 Section Break