S 1 Direct material: 4 pounds at $10.00 per pound $40.00 Direct labor: 2 hours at $16 per hour 32.00 1 of 15 Variable overhead: 2 hours at $6 per hour Total standard variable cost per unit 12.00 $84.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per Month Variable Cost per Unit Sold Advertising $ 270,000 Sales salaries and commissions Shipping expenses $ 240,000 $19.00 $10.00 The planning budget for March was based on producing and selling 30,000 units. However, during March the company actually produced and sold 34,500 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $9.20 per pound. All of this material was used in production. b. Direct-laborers worked 62,000 hours at a rate of $17.00 per hour. c. Total variable manufacturing overhead for the month was $390,600. d. Total advertising, sales salaries and commissions, and shipping expenses were $280,000, $490,000, and $185,000, respectively. Required: 1. What raw materials cost would be included in the company's flexible budget for March?