Handerson Corporation makes a product with the following standerd costs: Standard Quantity or Hours 8.5 kilos 0. hours 0.4 hours Standard Price or Direct materials Direct labor Variable overhead 6.00 per kilo $20.00 per hour 6.00 per hour The company reported the following results concerning this product in August Actual output Raw materials used in production Purchases of rav naterial Actual direct Labor-hours Actual cost of raw materials purchascs Actual direct labar cost Actual variable overhead cost 3,200 units 29,030 kilos 31,600 kilos 1,160 hours $195, 920 22,736 $,540 The company appliles varlable overnead on the basis of direct labor-hours. The direct materlals purchases varlance is computed when the materia s are purchased The materials price variance for August is: Multiple Choice $5,440 F $6,320 F $5,440 U $6,320 U