Question: Any help as to how I can go about determining what raw materials would be included in the companys planning budget for March? [The foilowing

Any help as to how I can go about determining what raw materials would be included in the companys planning budget for March?

Any help as to how I can go about determining what raw

[The foilowing 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: 4 pounds at $10 per pound $ 40 Direct labor: 2 hours at $16 per hour 32 Variable overhead: 2 hours at $6 per hour 12 Total standard cost per unit $ 84 The planning budget for March was based on producing and selling 30,000 units. However, during March the company actually produced and sold 34,500 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $9.20 per pound. All of this material was used in production. b. Direct laborers worked 62,000 hours at a rate of $17 per hour. c. Total variable manufacturing overhead for the month was $390,600. \\ Foundational 10-1 Required: 1. What raw materials cost would be included in the company's planning budget for March

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