[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: 5 pounda at $10.00 per pound $ 50.00 Direct Labor: 3 hours at $17 per hour Variable overheads 3 hours at $2 per hour Total standard variable cost per unit $ 122.00 The company also estabilshed the following cost formulas for its selling expenses. 51.00 21.00 Coat per Variable Txed cost per Month Unit Bold Advertising $ 330,000 Sales salaries and commissions $360,000 $25.00 Shipping expenses $ 16.00 The planning budget for March was based on producing and selling 24,000 units. However, during March the company actually produced and sold 30,600 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $9.00 per pound. All of this material was used in production b. Direct laborers worked 68,000 hours at a rate of $18.00 per hour c. Total variable manufacturing overhead for the month was $512,040. d. Total advertising, sales salaries and commissions, and shipping expenses were $340,000, $520,000, and $245,000, respectively. 10. What is the variable overhead efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.) Answer is complete but not entirely correct. Variable overhead efficiency variance $ 38,040 U 11. What is the variable overhead tate variance for March? (Indicate the effect of each variance by selecting "F" for favorable, unfavorable, and "None" for no effect (l.e., zero variance.). Input the amount as a positive value.) Answer is complete but not entirely correct. Variable overhead rate variance $ 166,600