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: Direct materials: 5 pounds at $11 per pound Direct labor: 3 hours at $12 per hour Variable overhead: 3 hours at $7 per hour Total standard cost per unit $ 55 36 21 $ 112 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 rate of $13 per hour. c. Total variable manufacturing overhead for the month was $510,934 Foundational 10-7 (Algo) 7. What direct labor cost would be included in the company's planning budget for March? Direct labor cost 9. What is the labor rate variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for un and "None" for no effect (le, zero variance.). Input all amounts as positive values.) Labor rato voronco 10. What is the labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance.). Input all amounts as positive values.) Labor efficiency variance 11. What is the labor spending variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance.). Input all amounts as positive values.) Labor pending variance 12. What variable manufacturing overhead cost would be included in the company's planning budget for March? Variable manufacturing overhead cont