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 its 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 29,000 units. However, during March the company actually produced and sold 34.000 units and incurred the following costs: The planning budget for March was based on producing and selling 29,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $8.50 per pound. All of this material was used in production. b. Direct-laborers worked 59,000 hours at a rate of $14.00 per hour. c. Total variable manufacturing overhead for the month was $564,040. d. Total advertising, sales salaries and commissions, and shipping expenses were $245,000,$475,000, and $155,000. respectively. Foundational 9-1 (Algo) Required: 1. What raw materials cost would be included in the company's flexible budget for March