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The following materials standards have been established for a particular product Standard quantity per unit of 5.1 pounds output $13.90 per pound Standard price The following data pertain to operations concerning the product for the last month: Actual materials purchased 5,850 pounds Actual cost of materials $63,580 purchased Actual materials used in 5,350 pounds production Actual output 770 units The direct materials purchases variance is computed when the materials are purchased What is the materials quantity variance for the month? Multiple Choice $5,434 U $15,466 U $19.780 U $6,950 U Tharaldson Corporation makes a product with the following standard costs Standard COst Per Standard Standard Price Quantity or Hours Unit or Rate s 2.00 per Direct materials 5.7 $11.40 ounces ounce $11.00 per hour $ 6.00 per hour S 2.20 S 1.20 Direct labor Variable overhead 0.2 hours 0.2 hours The company reported the following results concerning this product in June Originally budgeted out put Actual output Raw materials used in production Purchases of rav materials Actual direct labor-hours Actual cost of raM materials purchases $42,600 Actual direct labor cost Actual variable overhead cost 3,900 units 3,500 units 22,500 ounces 23,000 ounces 530 hours $13,900 $3,950 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for June is: Multiple Choice $1780 F $8,070 F $1780 U $8,070 U Save & Exit Submit Doogan Corporation makes a product with the following standard costs Standard Quantity or Standard Price or Hours 7.9 grams 0.5 hours 0.5 hours Rate $. 2.50 per gram $25.00 per hour $ 7.50 per hour Direct materials Direct labor Variable overhead The company produced 5,700 units in January using 39,810 grams of direct material and 2,430 direct labor-hours. During the month, the company purchased 44,900 grams of the direct material at $2.20 per gram. The actual direct labor rate was $24.30 per hour and the actual variable overhead rate was $7.30 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased The variable overhead rate variance for January is: Multiple Choice $486 U $570 F $486 F $570 U