Required: 1. What raw materials cost would be included in the company's planning budget for March? 3. What is the materials price variance for March? Note: Indicate the effect of each variance by selecting "F" for favorable, " U " for unfovorable, ond "None" fo variance.). Input all amounts as positive values. 2. What raw materials cost would be inctuded 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 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 $720 per pound. Al of this material was used in production b. Direct laborers worked 73,000 hours at a rate of $14 perhour. c. Total variable manufacturing overhead for the month was $427,050