Kartman Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 7.9 pounds 0.4 hours 0.4 hours Standard Price or Rate $ 8.40 per pound $38.00 per hour $ 5.40 per hour Standard Cost Per Unit $66.36 $ 15.20 $ 2.16 In June the company's budgeted production was 4,800 units but the actual production was 4,900 units. The company used 23,550 pounds of the direct material and 2,430 direct labor-hours to produce this output. During the month, the company purchased 26,800 pounds of the direct material at a cost of $184,180. The actual direct labor cost was $58,421 and the actual variable overhead cost was $12,541. 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 June is: Multiple Choice $469 U overhead cost was $12,541. 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 June is: Multiple Choice $469 U $581 F $5810 $469 F