direct material: 4 pounds at $8.00 per pound $32

direct labor: 2 hours at $16 per hour $32

variable overhead: 2 hours at $6 per hour $12

Total standard variable cost per unit $76

The company also established the following cost formulas for its selling expenses:

Advertising $320,000

sales salaries and commissions $340,000 variable cost per unit sold $24

shipping expenses variable cost per unit sold $15

the planning budget for march was was based on producing and selling 32,000 units. however, during march the company actually produced and sold 37,000 units and incurred the following costs:

purchased 160,000 pounds of raw materials at a cost of $7.40 per pound. all of this material was used in production.

direct-laborers worked 67,000 hours at a rate of $17 per hour.

total variable manufacturing overhead for the month was $422,100

total advertising, sales and commissions, and shipping expenses were $329,000, $515,000, and $235,000, respectively.

what raw materials cost would be included in the company's flexible budget for march?

what is the materials quantity variance for march?

what is the materials price variance for march?