ml Chapter 10 Homework Help 9 Required information (The following information applies to the questions displayed below.] Part 9 of 15 Preble Company manufactures one product, ts variable manufacturing ovemesd s applied to production based on direcat labor-hours and its standard cost card per unit is as follows: 0.25 points Direct materials 28.00 10.00 $78.00 Variable overhead: 2 hours at $5 per hour Total The planning budget for March was based on producing and selling 25,.000 units. However, during March the company actually produced and sold 30,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production. b. Direct laborers worked 55,000 hours at a rate of $15.00 per hour c Total variable manufacturing overhead for the month was $280,500. 9, what is the labor rate variance for March? (indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorab and "None" for no effect (i.e., zero variance.). Input all amounts as positive values.)