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Required information [The following information applies to the questions displayed below.] Preble Company...

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Accounting

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:
The company also established the following cost formulas for its selling expenses:
The planning budget for March was based on producing and selling 20,000 units. However, during March the company
actually produced and sold 25,000 units and incurred the following costs:
a. Purchased 180,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production.
b. Direct-laborers worked 61,000 hours at a rate of $16.00 per hour.
c. Total variable manufacturing overhead for the month was $306,220.
d. Total advertising, sales salaries and commissions, and shipping expenses were $268,000,$485,000, and $175,000,
respectively.
Required:
What raw materials cost would be included in the company's flexible budget for March?
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