Cost standards for one unit of product no. C77 Direct material Direct labor Actual results: Units produced Direct material purchased 26,300 pounds at $3.00 Direct material used Direct labor 3 pounds at $2.80 per pound 8.40 36.00 5 hours at $7.20 per hour 7,900 units 23,400 pounds at $3.00 $ 78,900 70,200 282,800 40,400 hours at $7.00 Assume that the company computes variances at the earliest point in time. The direct-material price variance is: Multiple Choice $4,680F. $4,680U $5,260F. $5,260U. None of the answers is correct