3 points QUESTION 47 23liters S ite $ 22.0 hour Miguez Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Standard Cost Hours Rate Per Unit Direct materials $ 700 per $ 16.10 Direct labor 0.7hours $ 15.40 Variable overhead 0.7hours $ 2.00per $ 1.40 hour The company budgeted for production of 2.600 units in September, but actual production was 2.500 units. The company used 5.640 liters of direct material and 1,680 direct labor hours to produce this output. The company purchased 5.800 liters of the direct material at $7.20 per liter. The actual direct labor rate was $24.10 per hour and the actual variable overhead rate was $1.90 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 labor rate variance for September is 53,52BU 53,675F $3,5285 53.675