Help Save & Exit Submit Required information 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 material: 5 pounds at $9.00 per pound $ 45.00 Direct labort 3 hours at $14 per hour 42.00 Variable overhead: 3 hours at $9 per hour 27.00 Total standard variable cost per unit $114.00 The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Bold Fixed cost per Month $ 300,000 $ 300,000 Advertising Sales salaries and commissions Shipping expenses $22.00 $13.00 The planning budget for March was based on producing and selling 20,000 units actually produced and sold 24,800 units and incurred the following costs ng 20,000 units. However, during March the company a. Purchased 155,000 pounds of raw materials at a cost of $720 ger pound. All of this material was used in production b. Direct-laborers worked 65,000 hours at a rate of $15.00 per hour. c. Total variable manufacturing overhead for the month was $612,300. d. Total advertising, sales salaries and commissions, and shipping expenses were $303,000, $505,000, and $215,000, respectively. 7. What is the direct labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (.e., zero variance.). Input the amount as a positive value.) Direct labor officiency variance