Handerson Corporation makes a product with the following standard costs: 8 Direct materials Direct labor Variable overhead Standard Quantity or Hours 9.8 kilos 0.3 hours 0.3 hours Standard Price or Rate $ 7.30 per kilo $33.00 per hour $ 7.30 per hour 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 4,500 units 30,330 kilos 32,900 kilos 1,110 hours $208,920 $ 24,036 $ 8,840 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased 0 Direct materials Direct labor Variable overhead or Hours 9.8 kilos 0.3 hours 0.3 hours Standard Price or Rate $ 7.30 per kilo $33.00 per hour $ 7.30 per hour 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 4,500 units 30, 330 kilos 32,900 kilos 1,110 hours $208,920 $ 24,036 $ 8,840 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 variable overhead rate variance for Augustis