Kartman Corporation makes a product with the following standard costs: Standard Quantity or Standard Cost Per Unit Standard Price or Rate 7.20 per pound $26.00 per hour $ 4.20 per hour Hours $48.24 $15 . 6e s 2.52 6.7 pounds 0.6 hours 0.6 hours Direct materials Direct labor Variable overhead In June the company's budgeted production was 3,600 units but the actual production was 3,700 units. The company used 22,350 pounds of the direct material and 2,310 direct labor-hours to produce this output. During the month, the company purchased 25,600 pounds of the direct material at a cost of $172.180. The actual direct labor cost was $57,221 and the actual variable overhead cost was $9,531 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 $164 U O SY71 F $171 U $164 F Miguez Corporation makes a product with the following standard costs: Standard Quantity or tandard Pri andard Cost Hours 3.4 liters 0.6 hours 0.6 hours Rate 8.10 per liter $33.00 per hour S 3.10 per hour Per Unit Direct materials Direct labor Variable overhead $27.54 $19.80 s 1.86 The company budgeted for production of 3,700 units in September, but actual production was 3,600 units. The company used 6,540 liters of direct material and 1790 direct labor-hours to produce this output. The company purchased 6,900 iters of the direct material at $8.30 per liter The actual direct labor rate was $3510 per hour and the actual variable overhead rate was $3.00 per hour 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 September is: Multiple Choice $216 F $179 U $179 F 0 $216 U Milar Corporation makes a product with the following standard costs tan Quantity or Hours 6.0 pounds 0.8 hours 0.8 hours Standard Price or Rate S 5.50 per pound $24.00 per hour $11.00 per hour Direct materials Direct labor Variable overhead In January the company produced 3,350 units using 13,400 pounds of the direct material and 2.800 direct labor-hours. During the month, the company purchased 14,160 pounds of the direct material at a cost of $35100. The actual direct labor cost was $66,796 and the actual variable overhead cost was $29,508 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 labor rate variance for January is: Multiple Choice $404 F $404 U $2,476 U $2,476 F Tharaldson Corporation makes a product with the following standard costs: Standard Standard Quantity or Standard Price or Cost Per Unit Rate Hours 6.3 ounces 4.00 per ounce $25.20 .8hours $11.00per hour $8.88 6.8 hours $6.00 per hour $4.8 Direct materials Direct labor Variable overhead The company reported the following results concerning this product in June. 3, 300 units 2, 600 units 19, 5 ounces 21, 2 ounces 5, 600 hours Originally budgeted output 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 $41, 800 $13,300 3, 650 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 June is Multiple Choice $12,480 F $6,152 U $12.480 U $6,152 F