Help Save & Exit Direct material: 5 pounds at $9 per pound $ 45 8 Direct labour: 3 hours at $14 per hour 42 Variable overhead: 3 hours at $8 per hour 24 Total standard variable cost per unit $111 25 Fixed overhead was budgeted at $613,000. Fixed overhead is applied on the basis of direct labour-hours. The company also points established the following cost formulas for its selling expenses: 01:30:08 Fixed Cost per Variable Cost per Month Unit Sold Advertising 340,000 Sales salaries and commissions 240,000 12.00 to to Shipping expenses 3.00 The static (i.e., planning) budget for March was based on producing and selling 28,000 units, However, during March the company actually produced and sold 34,000 units and incurred the following costs a. Purchased 180,000 pounds of raw materials at a cost of $8.5 per pound. All of this material was used in production. b. Direct-labourers worked 69,000 hours at a rate of $15 per hour. c. Total variable manufacturing overhead for the month was $565,200. And fixed manufacturing overhead was $608,000. d. Total advertising, sales salaries and commissions, and shipping expenses were $352,000, $640,000, and $129,000, respectively. Required: If Preble had purchased 184,000 pounds of materials at $8.5 per pound and used 180,000 pounds in production, what would be the materials price variance for March? (Input the amount as a positive value. Leave no cells blank - be certain to enter "O" wherever