24 Biery Corporation makes a product with the following standard costs: st of 10 question Direct materials........... Direct labor........ Variable overhead Standard Quantity or Hours 1.3 liters 0.6 hours 0.6 hours Standard Price or Rate $6.00 per liter $19.00 per hour $3.00 per hour The company produced 4.100 units in April using 5,380 liters of direct material and 2.610 direct labor-hours. During the month, the company purchased 6,000 liters of the direct material at $5.80 per liter. The actual direct labor rate was $19.80 per hour and the actual variable overhead rate was $2.90 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 materials price variance for April is: Select one: O a $1,066 U O b. $1,200 U Oc $1,200 F O d. $1,066 F