MGMT8500 - Final Exam i Saved Help Save & Exit Subn Direct material: 4 pounds at $9 per pound $ 36 Direct labour: 3 hours at $15 per hour 45 Variable overhead: 3 hours at $6 per hour 18 Total standard variable cost per unit $99 25 Fixed overhead was budgeted at $587,000. Fixed overhead is applied on the basis of direct labour-hours. The company also points established the following cost formulas for its selling expenses: 8 01:27:53 Fixed Cost per Variable Cost per Month Unit Sold Advertising 210,000 Sales salaries and commissions 110,000 $ 13.00 Shipping expenses 4.00 The static (i.e., planning) budget for March was based on producing and selling 26,000 units. However, during March the company actually produced and sold 31,000 units and incurred the following costs a. Purchased 155,000 pounds of raw materials at a cost of $7.2 per pound. All of this material was used in production. b. Direct-labourers worked 56,000 hours at a rate of $16 per hour. c. Total variable manufacturing overhead for the month was $524,600. And fixed manufacturing overhead was $582,000 d. Total advertising, sales salaries and commissions, and shipping expenses were $211,000, $500,000, and $142,000, respectively Required: If Preble had purchased 171,000 pounds of materials at $7.2 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March? (Input the amount as a positive value. Leave no cells blank - be certain to enter "O" wherever