In July the company produced 3, 300 units using 12, 240 pounds of the direct material and 2, 760 direct labor-hours. During the month, the company purchased 13,000 pounds of the direct material at a cost of $35, 100. The actual direct labor cost was $51, 612 and the actual variable overhead cost was $20, 148. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. 1. The materials quantity variance for July is: A. $2, 070 F B. $2, 070 U C. $1, 863 F D. $1, 863 U The materials price variance for July is: A. $3, 465 U B. $3, 900 F C. $3, 465 F D. $3, 900 U The labor efficiency variance for July is: A. $2, 280 U B. $2, 244 U C. $2, 280 F D. $2, 244 F The labor rate variance for July is: A. $828 F B. $828 U C. $792 U D. $792 F 5. The variable overhead efficiency variance for July is: A. $960F B. $960 U C. $876 F D. $876 U The variable overhead rate variance for July is: A. $1, 932 U B. $1, 932 F C. $1, 848 U In July the company produced 3, 300 units using 12, 240 pounds of the direct material and 2, 760 direct labor-hours. During the month, the company purchased 13,000 pounds of the direct material at a cost of $35, 100. The actual direct labor cost was $51, 612 and the actual variable overhead cost was $20, 148. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. 1. The materials quantity variance for July is: A. $2, 070 F B. $2, 070 U C. $1, 863 F D. $1, 863 U The materials price variance for July is: A. $3, 465 U B. $3, 900 F C. $3, 465 F D. $3, 900 U The labor efficiency variance for July is: A. $2, 280 U B. $2, 244 U C. $2, 280 F D. $2, 244 F The labor rate variance for July is: A. $828 F B. $828 U C. $792 U D. $792 F 5. The variable overhead efficiency variance for July is: A. $960F B. $960 U C. $876 F D. $876 U The variable overhead rate variance for July is: A. $1, 932 U B. $1, 932 F C. $1, 848 U