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: 40 a Direct material: 4 pounds at $10.00 per pound Direct labor: 2 hours at $16 per hour Variable overhead: 2 hours at $6 per hour Total standard variable cost per unit 32.00 12.90 $84.00 The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Sold Advertising Sales salaries and commissions Shipping expenses Fixed Cost per Month $ 270,000 $ 240,000 $ $ 19.00 10.00 The planning budget for March was based on producing and selling 30.000 units. However, during March the company actually produced and sold 34,500 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $9.20 per pound. All of this material was used in production. b. Direct-laborers worked 62.000 hours at a rate of $17.00 per hour. C. Total variable manufacturing overhead for the month was $390.600. d. Total advertising, sales salaries and commissions, and shipping expenses were $280,000, $490.000, and $185.000, respectively. 8. What is the direct labor rate variance for March? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance.). Input the amount as a positive value.) Direct labor rate variance