Direct trials Brect an EMU 0 O SHOP Mar Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead Standard Quantity: on Hours 2.0 pounds 1.0 hours 1.0 hours Standard Price on Rate $ 7.00 per pound $14.00 per hour $6.00 per hour In January the company produced 4700 units using 10.280 pounds of the direct material and 2.260 direct labor-bours. During the month, the company purchased 10.850 pounds of the direct material at a cost of $26.730. The actual direct labor cost was $38,238 and the actual variable overhead cost was $1939 The company applies vanable overhead on the basis of deect labor-hours. The direct materials purchases variance is computed when the materials are purchased The materials price variance for January is Multiple Choice O $780 F $780 U $640 U O $640 F