Doogan Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Standard Price or Hours Rate 2. grans $ 7.00 per gram 1.3 hours 511.80 per hour 1.3 hours $ 3.80 per hour The company produced 5,000 units in January using 10,310 grams of direct material and 2,290 direct labor-hours. During the month, the company purchased 10,880 grams of the direct material at $710 per gram. The actual direct labor rate was $11.70 per hour and the actual variable overhead rate was $2.00 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased The materials quantity variance for January : Multiple Choice 52 2011 32 O me to search E ING 7:52 PM 77/2020 Dll 0 Prisen Home End Pgup 11 Pgon 5 FE TVO company purchased 10,880 grams of the direct material at $7.10 per gram. The actual direct labor rate was $170 per hour and the actual variable overhead rate was $3.00 per hour. The company appies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for January is. Multiple Choice $2.2017 $2.2010 $2.70 O 52,170 0 ING 152 PM 71/2000 DII Prison Home End Poup Pgon