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: Direct material pounds at $10 per pound Direct labor hours at $17 per hour Variable overhead 3 hours at 87 per hour Total standard cost per unit 030 51 21 3123 The planning budget for March was based on producing and selling 24,000 units. However, during March the company actually produced and sold 30,600 units and incurred the following costs 2. Purchased 170.000 pounds of raw materials at a cost of $9.00 per pound. All of this material was uklid le production b. Direct laborers worked 68,000 hours at a rate of $18 per hour c. Total variable manufacturing overhead for the month was $512,040, 7 What direct labor cost would be included in the company's planning budget for March? Direct labor cost 8. What direct labor cost would be included in the company's flexible budget for March? Direct labor cost 9. What is the labor rate variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance.). Input all amounts as positive values.) Laborale vanance 10. What is the labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance.). Input all amounts as positive values.) Labor efficiency variance 11. What is the labor spending variance for March7 (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (le, zero variance.). Input all amounts as positive values.) Labor spending vallanol