Required informotion The Foundational 15 (Algo) [LO9-1, LO9-2, LO9.4, 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 is 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 21,000 units. However, during March the company actually produced and sold 26.000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $6.50 per pound. All of this material was used in production b. Direct taborers worked 70000 hours at a rate of $16.00 per hour. c. Total variable manufacturing overhead for the month was $655,200 d. Total advertising, sales salaties and commissions, and shipping expenses were $358,000,$530,000, and $265.000, tespectively 3. What is the materials price variance for March? (Indicate the effect of each vorionce by selecting "F" for fovorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive volue.)