Required information The Foundational 15 (LO9-1, LO9-2, LO9-4, LO9-5, 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: Direct materiali 6 pounds at $8.00 per pound Direct Labort hours at $14 per hour Variable overhead: 3 hours at $5 per hour Total standard variable cost per unit $ 48.00 42.00 15.00 $10.00 The company also established the following cost formulas for its selling expenses Fixed cost per Month $ 250,00 $ 200,000 Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses $ 17.00 $ 8.00 The planning budget for March was based on producing and selling 19.000 units. However, during March the company actually produced and sold 24.000 units and incurred the following costs Purchased 160.000 pounds of raw materials at a cost of $720 per pound. All of this motenal was used in production b. Direct laborers worked 60,000 hours at a rate of $15.00 per hour c. Total variable manufacturing overhead for the month was $336,600 d. Total advertising, sales salaries and commissions, and shipping expenses were $260.000, $480,000, and $165.000, respectively Foundational 9-1 Required: 1. What raw materials cost would be included in the company's flexible budget for March? Raw material cost Foundational 9-2 2. What is the matenals quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance.). Input the amount as a positive value) Material quantity Varlance Foundational 9-3 3. What is the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" fo unfavorable, and "None" for no effect (ie., zero variance.). Input the amount as a positive value.) Materials price variance Foundational 9-4 4. Preble had purchased 175.000 pounds of materials at $720 per pound and used 160.000 pounds in production, what would be the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for fovorable. "U" for unfavorable, and "None" for no effect is zero variance.). Input the amount as a positive value.) Materials que variance