Required information [The following information appiles 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 seling 25,000 units. However, during March the company actually peoduced and sold 30.000 units and incurred the following costs: a. Purchased 160,000 pounds af raw materials at a cost of $7.50 per pound. All of this material was used in production. b. Direct laborers worked 55,000 hours at a rate of $15.00 per hour. c. Total yariable manufacturing oyerhoad for the month was $280.500 Is the materiois quantity variance for March? (indicate the effect of each vailance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect fi.e., xero nee.) Input all amounts as positive values.)