Required information [The following information apples 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 units as follows: $ 48 3 Direct naterials: 6 pounds at 58 per pound Direct lator: 4 hours at $10 per hour Variable overhead: 4 hours at 55 per hour Total standard cost per unit $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 $720 per pound All of this material was used in production b. Direct laborers worked 73,000 hours at a rate of $14 per hour Total variable manufacturing overhead for the month was $427.050 Required: 1 What raw materials cost would be included in the company's planning budget for March? w main cont