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Required: 1. What raw materials cost would be included in the company's planning budget for March? 11. What is the labor spending variance for Morch? (Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all omounts as positive values.) 8. What direct labor cost would be included in the company's flexible budget for March? 13. What vartable manufacturing overhead cost would be included in the company's flexible budget for March? 5. II Preble had purchafed 185,000 pounds of materials at 56,50 per pound and used 160,000 pounds in production, what would be the materials price variance for March? (Indicate the effect of ench variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e, zero varionce.). Input all omounts as positive values.) 6. If Preble had purchased 185,000 pounds of materials at $6,50 per pound and used 160,000 pounds in production, what would be the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfovoroble, and "None" for no effect (i.e., zero variance.), Input all amounts as positive values.) Required information The following information applles 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: The planning budget for March was based on producing and selling 21,000 units, However, during March the company actually produced and sold 26,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $6.50 per pound. All of this material was used in production b. Direct laborers worked 70,000 hours at a rate of $16 per hour. c. Total variable manufacturing overhead for the month was $655,200. 3. What is the materlals price variance for March? (Indicote the effect of each variance by selecting "F" for fovorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive volues.) 9. What is the labor rate variance for March? (Indicate the effect of each voriance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero varionce.). Inpur oll amounts os positive values.) 14. What is the varlable overhead rate varlance for March? (Round the actuol overhead rote to two decimal ploces. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavoroble, ond "None" for no effect (i.e., zero variance.), Input all amounts os positive volues.) 4. What is the materials quantity variance for March? (Indicate the effect of each voriance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input all omounts as positive values.) 7. What direct labor cost would be included in the company's planning budget for March? 2. What raw materials cost would be included in the company's flexible budget for March? 10. What is the labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) 15. What is the variable overhead efficlency vatlance for March? (Round the actuol overhead rote to two decimal places, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.) 12. What varlable manufacturing overhead cost would be included in the company's planning buoget for March