2 . Berends Corporation makes a product with the following standard cott Direct materiais Direct labor Variable overhead 92 pounds 0.3 hours 3 hours Standard Rate $100 per pound $1800 hou $3.00 per how The company reported the following results concerning this product in Ant Actual outout Raw materials used in production Picuses of waterials Act direct labor hours Actul cost of raw materials purchases Actual direct labor cott Actual variable overhead cost 0.000 70.150 pounds 900 pounds 2.560 hours $240,00 $ 30,424 569 The company applies variable overhead on the bass of direct obor hours. The direct material purchases variance is computed when the materials are purchased The material quantity Variance for Art 57,868 U O 578687 $8.430 U $8.430F