Handerson Corporation makes a product with the following standard costs: Standard Quantity or Hours 8.5 kilos 0.4 hours 0.4 hours Standard Price or Rate $ 6.00 per kilo $20.00 per hour s 6.00 per hour Direct materials Direct labor Variable overhead The company reported the following results concerning this product in August. Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 3,200 units 29,030 kilos 31,600 kilos 1,160 hours $195,920 $ 22,736 $ 7,540 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 August Is Multiple Choice $10,980 U $11,346 U $11,346 F $10,980 F