Reid Fabrication Company manufactures one product its variable manufacturing overhead is applied to production based on direct labour hours and its standard cost card per unit is as follows: Direct material: 6 pounds at $9 per pound Direct labour: 3 hours at $15 per hour Variable overhead: 3 hours at $5 per hour Total standard variable cost per unit $ 54 45 15 $114 Fixed overhead was budgeted at $597000 Fixed overhead is applied on the basis of direct labour hours. The company also established the following cost formulas for its selling expenses Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Variable Cost per Month Unit Sold $ 260,000 $ 160,000 $ 13.80 $ 4.00 The statice.planning) budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 25,000 units and incurred the following costs a. Purchased 180,000 pounds of raw materials at a cost of $250 per pound. All of this material was used in production b. Direct labourers worked 61,000 hours at a rate of $16 per hou Total variable manufacturing overhead for the month was $306,000. And fixed manufacturing overhead was $592,000 d Total advertising, sales salaries and commissions, and shipping expenses were $267.000, SABO,000 and $105,000, respectively Required: What is the materials quantity variance for March? (Input the amount as a positive value. Leave no cells blank be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F* for favourable, "U" for unfavourable, and "None" for no effect (i.e., Tero variance.).) Do Materials que varence