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 labour-hours, and its standard costs per unit are as follows: Direct materials: 8 kg at $10.00 per kg Direct labour: 5 hours at $13 per hour Variable overhead: 5 hours at $8 per hour $ 80.00 65.00 40.00 Total standard cost per unit $ 185.00 The company planned to produce and sell 15,000 units in March. However, during March the company actually produced and sold 17,000 units and incurred the following costs: a. Purchased 170,000 kg of raw materials at a cost of $8.00 per kg. All of this material was used in production. b. Direct labour: 64,000 hours at a rate of $14 per hour. C. Total variable manufacturing overhead for the month was $513,920. 2. 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.).) X Answer is complete but not entirely correct. Materials quantity variance $ 1,359,920 U