Landram Corporation makes a product with the following standard costs Direct matenals 2.0 liters $47.00 per liters Direct labor Ole houd $18.00 per har Variable overhead 0.16 hours $2.00 per hour The company produced 4,800 units in April using 10,240 liters of direct matenal and 2,220 direct labor hours. During the month, the company purchased 10 8 10 liters of the direct matenas at 47, 10 per liter. The actual direct labor rate was $1$85 per har and the actual vanabe overhead rate was $1.95 per hour . The company applies variable overhead on the basis of direct labor hours. The direct matenals purchases vanance is computed when the materials are purchased Landram Corporation makes a product with the following standard costs Direct matenals 2.0 liters $47.00 per liters Direct labor Ole houd $18.00 per har Variable overhead 0.16 hours $2.00 per hour The company produced 4,800 units in April using 10,240 liters of direct matenal and 2,220 direct labor hours. During the month, the company purchased 10 8 10 liters of the direct matenas at 47, 10 per liter. The actual direct labor rate was $1$85 per har and the actual vanabe overhead rate was $1.95 per hour . The company applies variable overhead on the basis of direct labor hours. The direct matenals purchases vanance is computed when the materials are purchased