34) The following materials standards have been established for a particular product: 34) Standard quantity per unit of output Standard price $ 4.4 pounds 13.20 per pound The following data pertain to operations concerning the product for the last month Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 4,800 pounds $ 62,880 4,300 pounds 700 units The direct materials purchases variance is computed when the materials are purchased. D) $430 U What is the materials price variance for the month? A) $480 U B) $430 F C) $480 F 50 units of 35) 41) Fluegge Inc. has provided the following data concerning d the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to prod basis of direct labor-hours. ring overhead is applied to products on the Inputs Standard Quantity or Hours Standard Price or per Unit of Output Rate Direct materials 5.7 liters $ 5.40 per liter Direct labor 0.70 hours $ 20.60 per hour Variable manufacturing overhead 0.70 hours $ 5.50 per hour The company has reported the following actual results for the product for December: Actual output Raw materials purchased Actual price of raw materials Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor rate Actual direct labor cost Actual variable overhead rate Actual variable overhead cost 4,100 units 25,100 liters $ 4.80 per liter $ 120,480 23,360 liters 2,700 hours $ 21.20 per hour $ 57,240 $ 5.90 per hour $ 15,930 D) $1,080 F The variable overhead rate variance for the month is closest to: A) $1,148 F B) $1,080 U C ) $1,148 U 42) fnarformance encourages continued expansion by