Required: 1. What raw materials cost would be included in the company's flexible budget for March? If Preble had purchased 184,000 pounds of materials at $8.50 per pound and used 180,000 pounds in production, what would be he materials quantity variance for March? (Indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) What is the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for infavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) What direct labor cost would be included in the company's flexible budget for March? Required information [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: The company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 28,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 180,000 pounds of raw materials at a cost of $8.50 per pound. All of this materiat was used in production. b. Direct-laborers worked 69.000 hours at a rate of $15.00 per hout. c. Total variable manufacturing overhead for the month was $565,110. d. Total advertising. sales salaties and commissions, and shipping expenses were $345,000,$525,000, and $255,000, respectively. If Preble had purchased 184,000 pounds of materials at $8.50 per pound and used 180,000 pounds in production, what would be he materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and None" for no effect (i.e., zero variance.). Input the amount as a positive value.) What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for nfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.)