45 points Variable overhead Budgeted information denominator direct labor hours 60 Direct materials 3 unit at cost per unit 54 Direct labor 1 hour at cost per hour 52 $ 3 Fixed overhead 1 direct labor hour at $5 per hour Actual for this time cycle units produced materials purchased 24 units cost per unit 53 Direct labor 8 hour cost per hour $ 5 $4 Fixed overhead 5 180 ect labor hour at cost per hour Variable manufacturing overhead cost per hour compute price and quantity variance for direct materials budget and volume variance for fixed overhead direct labor variable overhead