Required information The Foundational 15 (L09-1, LO9-2, L09-4, LO9-5, LO9-6) [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: Direct material: B pounds at $10.00 per pound $ 80.00 Direct labor: 5 hours at $13 per hour 65.00 Variable overhead: 5 hours at $8 per hour 40.00 Total standard variable cost per unit $185.00 The company also established the following cost formulas for its selling expenses Variable Cost per Unit Sold Advertising salen salaries and commissions Shipping expenses Fixed cost per Month $ 290,000 $ 280,000 $21.00 $12.00 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 Foundational 9-8 8. What is the direct labor rate variance for March? (Indicate the effect of each variance by selecting "* for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) Direct laborate variance