Exercise 23-9 (Part Level Submission) 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. Standard Cost Card $36.00 5.60 Direct materials (9 pounds at $4 per pound) Direct labor (0.80 hours at $7) Variable overhead (0.80 hours at $5 per hour) Fixed overhead (0.80 hours at $7 per hour) 5.60 $51.20 The following is a variance report for the most recent period of operations. Variances Costs Total Standard Cost Price Direct materials Direct labor Quantity $409,000 $7,470 F $%9,500 U 63,622 4,400 U6,500 U