Exercise 11-9 You have been given the following information about the production of Usher Co., and are asked to provide the plant manager with information for a meeting with the vice president of operations. Direct materials (9 pounds at $3 per pound) Direct labor (0.70 hours at $7) Variable overhead (0.70 hours at $5 per hour) Fixed overhead (0.70 hours at $7 per hour) Standard Cost Card $27.00 4.90 3.50 4.90 $40.30 The following is a variance report for the most recent period of operations. Variances Costs Total Standard Cost PriceQuantity 406,000 $7,070 F $9,300 U 73,681 5,500 U 8,000 U Direct materials Direct labor