Re 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 $48 52 20 $ 120 The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 25,500 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct laborers worked 73,000 hours at a rate of $14 per hour. c. Total variable manufacturing overhead for the month was $427,050. 4. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favor unfavorable, and "None" for no effect (i.e. zero variance.). Input all amounts as positive values.) Answer is complete but not entirely correct. Materials quantity variance $ 400,000