Kewlioo Appliances, Inc. is a company that makes electronic items. For product K, the following variable cost standards have been established.

Standard Standard Standard quantity/hours price/rate cost Direct materials $12 per pound $? -9:9 Direct labor Variable manufacturing overhead $4 per hour Total standard cost $84Variable Materials Direct manufacturing used labor overhead Total standard cost for month's production $? $16.000 $3.200 Actual costs incurred $20.000 $? $3.240 Materials quantity variance $1.200U