Questions 1-15 (of 15) IThe following information applies to the questions displayed below.] Preble Company manufactures one product. Its variable manufacturingoverhead s applied to production based on direct labor-hours and its standard cost card per Direct materials: 6 pounds at$8 per pound Direct labor: 4 hours at $13 per hour Variable overhead: 4 hours at $5 per hour Total standard cost per unit The planning budget for March was based on producing and selling 2000o units. However, during March the company actually produced and sold 25,500 units and incumed the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $720 per pound. All of this material was used in production. b. Direct laborers worked 73,000 hours at a rate of $14 per hour c. Total variable manufacturing overhead for the month was $427050, 1.00 points 1. What raw materials cost would be inoluded in the company's planning budget for March? Raw material cost