Required information The Foundational 15 (Algo) [L09-1, L09-2, L09-4, L09-5, L09-6] [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: The company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17,000 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production. b. Direct-laborers worked 64,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000,$500,000, and $205,000, respectively. oundational 9-3 (Algo) What is the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, " U " for favorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.)