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3. What is the materials price variance for March? (Indicate the effect of each variance by selecting "F" for fovoroble, " U " for unfovorable, and "None" for no effect (i.e., zero variance.). Input the amount as o positive value.) 2. What is the materials quantity variance for March? (Indicate the effect of eoch vorionce by selecting " F " for fovoroble, " U " for unfovoroble, ond "None" for no effect (i.e., zero voriance.). Input the amount as a positive volue.) Preble Company manufactures one product its variable manufacturing overhead is applied to production based on direct tabor-hours and its standard cost card per unit is as follows: The company also established the following cost formulas for its selling expenses: The planning budget for March was based on producing and selling 15,000 units. However, during March the company actually produced and sold 17,000 units and incurred the following costs: a. Purchased 170,000 pounds of raw materials at a cost of $8.00 per pound. All of this material was used in production b. Direct-laborers worked 64,000 hours at a rate of $14,00 per hour. c. Total variable manufacturing overhead for the month was $513,920. d. Total advertising, sales salaries and commissions, and shipping expenses were $300,000,$500,000, and $205,000. respectively. 7. What is the direct labor efficiency variance for March? (Indicate the effect of each variance by selecting " F " for fovorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount os a positive value.)

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