- Save & Exit Submi 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 materiali 5 pounds at $9.00 per pound $45.00 Direet labore 3 hours at $14 per hour 42.00 Variable overheads 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: Fixed Coat per Month $ 300,000 $ 300,000 Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses 322.00 913.00 The planning budget for March was based on producing and selling 20.000 actually produced and sold 24,800 units and incurred the following costs: ts. However, during March the company during March the a. Purchased 155,000 pounds of raw materials at a cost of $7.20 per 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 8. What is the direct labor rate variance for March? (Indicate the effect of each varlance by selecting "F" for favorable, unfavorable, and "None" for no effect (.e., zero variance.). Input the amount as a positive value.)