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: 5 pounds at $8.00 per pound Direct labor: 2 hours at 514 per hour Variable overhead: 2 hours at 55 per hour Total standard variable cost per unit $ 40,00 28.00 10.00 $ 78.00 The company also established the following cost formulas for its selling expenses Variable Fixed cost per cost per Month Unit Sold Advertising 5 200.000 Sales salaries and commissions $ 100,000 $ 12.00 Shipping expenses $ 3.00 The planning budget for March was based on producing and seling 25.000 units. However, doring Maren the company actually produced and sold 30.000 units and incurred the following costs a. Purchased 160.000 pounds of raw materials at a cost of 57.50 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 Total variable manufacturing overhead for the month was $280.500 ere 12 9 9 Required: 1. What raw materials cost would be included in the company's flexible budget for March? Raw material cost Prev