UWA appies 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 58 per pound Direct labor: 4 hours at $15 per hour Variable overhead: 4 hours at 55 per hour Total standard cost per unit $ 40 60 ze $ 120 The planning budget for March was based on producing and selling 21000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a Purchased 150,000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production b. Direct laborers worked 66,000 hours at a rate of $18 per hour c. Total variable manufacturing overhead for the month was $413,820. 2 What raw materials cost would be included in the company's flexible budget for March? Raw material cost 7. What direct labor cost would be included in the company's planning budget for March? Direct labor cost 11. What is the labor spending variance for March? (Indicate the effect of each variance by selecting "F" for favorable, unfavorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) Labor spending variance None U 13. What variable manufacturing overhead cost would be included in the company's flexible budget for March? Variable manufacturing overhead cost 14. What is the variable overhead rate variance for March? (Round the actual overhead rate to two decimal places. In of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (e., zero variance.). I amounts as positive values.) Variable overhead tate variance 15. What is the variable overhead efficiency variance for March? (Round the actual overhead rate to two dec effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (Le., ze amounts as positive values.) Variable overhead efficiency variance F None U