The Foundational 15 (LO9-1, LO9-2, L09-4, 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: Direct materiales pounds at $5.ee per pound Direct labore 2 hours at $14 per hour variable overhead: 2 hours at 35 per hour Total standard variable cost per unit $40.00 28.04 18.ee 578.00 The company also established the following cost formulas for its selling expenses Fixed cost Variable cost Month un intola Advertising 5 200.000 es salaries and commissions 100, 5 12.00 Shipping expenses 53.00 The planning budget for March was based on producing and selling 25.000 units. However during March the company actually produced and sold 30,000 units and incurred the following costs! a. Purchased 160.000 pounds of raw materials at a cost of $7.50 per pound All of this material was used in production b. Direct laborers worked 55.000 hours at a rate of $500 per hour Tota vataale manufacturing overhead for the month was $289,500 di Total adverting sales sa aries and commissions, and shipping expenses were $210.000. 1455.000, and $115.000 respectively Required: 1. What raw materials cost would be included in the company's flexible budget for March? Raw material cost Foundational 9-2 2 What is the materials quantity variance for March? (Indicate the effect of each variance by selecting for favorable, un for unfavorable, and "None for no effect (l.e., zero variance.). Input the amount as a positive value) Was guantity variance Foundational 9-3 3. What is the materials price variance for March? (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None for no 'effect (1.c, zere variance. Input the amount as a positive value.) Materials proe van de Foundational 9-4 4 Prebie nad purchased 170,000 pounds of materials at $750 per pound and used 160.000 pounds in production. What would be the materials quantity variance for March? (Indicate the effect of each variance by selecting "en for favorable. "U" for unfavorable and one for no effectiero Vorance Input the amounts poultive value.) IMA vanane