Descamps Incorporated has provided the following data concerning one of the products in its standard cost system, Variable manufacturing overhead is applied to products on the basis of direct labor-hours Standard Quantity or Hours Inputs per Unit of Output Standard Price or Rate Variable manufacturing overhead 6.26 hours $ 6.19 per hour The company has reported the following actual results for the product for July: Actual output 4,266 units Actual direct laborhours 786 hours Actual variable overhead rate $ 6.26 per hour The variable overhead rate variance for the month is closest to: Multiple Choice 0 $78F $84 F $84 U O 0 $78 U Q Pippin Incorporated has provided the following data concerning one of the products in its standard cost system, Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Standard Quantity or Inputs Hours per Unit of Output Standard Price or Rate Direct materials 5.6 grams $ 7.66 per gram Direct labor 6.36 hours $21.36 per hour Variable manufacturing overhead 6.36 hours $ 9.66 per hour The company has reported the following actual results forthe product for June: Actual output 8,566 units Raw materials purchased 48,166 grams Actual price of raw materials $ 7.76 per gram Raw materials used in production 42,496 grams Actual direct laborhours 2,366 hours Actual direct labor rate $21.76 per hour Actual variable overhead rate $ 9.86 per hour The labor rate variance for the month is closest to: Multiple Choice O $1,020 F $1,020 U O 0 $920 F 0 $920 U Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Standard Cost Per Hours Standard Price or Rate Unit Direct materials 6.5 ounces $ 2.66 per ounce $ 13.66 Direct labor 6.2 hours $ 23.66 per hour $ 4.66 Variable overhead 6.2 hours $ 6.66 per hour 3; 1.26 The company reported the following results concerning this product in June. Originally budgeted output 2,766 units Actual output 2,866 units Raw materials used in production 19,386 ounces Purchases of raw materials 21,466 ounces Actual direct labor-hours 566 hours Actual cost of raw materials purchases $ 46,666 Actual direct labor cost $ 12,656 Actual variable overhead cost $ 3,166 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.