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 materials: 5 pounds at $10 per pound Direct labore 3 hours at $17 per hour Varlable overhead: 3 hours at $7 per hour Total standard cost per unit $50 51 21 $122 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: a. Purchased 170,000 pounds of raw materials at a cost of $9.00 per pound. All of this material was used in 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 Required: 1. What raw materials cost would be included in the company's planning budget for March? Raw material 2. What raw materials cost would be included in the company's flexible budget for March? Raw material cost 3. What is the materials price 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] Materials price variance 4. What is the 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 all amounts as positive values.) Materials quantity variance 5. If Preble had purchased 183.000 pounds of materials at $9.00 per pound and used 170,000 pounds in production, what would be the materiais price variance for March? (indicate the effect of each variance by selecting for favorable. "U" for unfavorable, and "None" for no effect (le, rere variance.). Input all amounts as positive values.) Malaisie varande 6. If Preble had purchased 183,000 pounds of materials at $9.00 per pound and used 170,000 pounds in production, what would be the materials quantity 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.) Materials quantity variance