The Foundational 15 (Algo) [LO10-1, LO10-2, LO10-3] [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: The planning budget for March was, based on producing and selling 21,000 units. However, during March the company actually produced and sold 26,600 units and incurred the following costs: a. Purchased 154,000 pounds of raw materials at a cost of $9.50 per pound. All of this material was used in production b. Direct laborers worked 63,000 hours at a fate of $13 per hout. c. Total variable manufacturing overhead for the month was $510,930. Foundational 10-1 (Algo) Required: 1. What raw materials cost would be included in the company's planning budget for March