MANUFACTURING OVERHEAD VARIANCES Actual costs for 60,000 units: DM - 1.1 pounds per unit at $0.30/pound DL - 1/4 hr at $12/hr Variable OH - $92,000 Fixed OH - $10,000 Standard costs: DM - 1 pound per unit at $0.25/pound DL - 1/5 hr at $13/hr Variable OH - 1/5 hr at $6/hr Fixed OH - $20,000 budgeted/10,000 budgeted hrs = $2/her a) Compute materials variance b) Compute direct labor variance c) Compute the overhead variances