Epley Corporation makes a product with the following standard costs Standard Quantity of Hours Standard Price or Rate Direct Materials Direct Labor Variable overhead 35 pounds 0.8 hours $3.10 per pound $19.00 per hour 08 hours SHLOO per hour In July the company produced 3,300 units using 12.240 pounds of the direct material and 2.760 direct labor hours. During the month the company purchased 13,000 pounds of the direct material at a cost of $35.100. The actual direct labor cost was $51 612 and the actual variable overhead cost was 520.148 The company oplies 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 July is: 2,0700 1.53 0 2.1900