Miguel Corporation makes a product With the following standard costs: Standard Quantity or Standard Cost Per Hours Standard Price or Hate Unit Direct materials 2.3 liters $ 7.80 per liter $ 16.10 Direct labor 8.7 hours $ 22.86 per hour $ 15.49 Variable overhead 6.? hours $ 2.69 per hour $ 1.40 The company budgeted for production of 2,600 units in September, but actual production was 2.500 units. The company used 5,440 liters of direct material and 1,680 direct labor-hours to produce this output. The company purchased 5,800 liters oftne direct material at $7.20 per liter. The actual direct labor rate was $24.10 per hour and the actual variable overhead rate was $i.90 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 0 $175 F $168 U $175 0 O 0 $168 F O Dibert Incorporated has provided the following data concerning one ofthe products in its standard cost system. Standard Quantity or Hours Inputs per Unit of Output Standard Price or Rate Direct labor @.?8 hours $ 28.46 per hour The company has reported the following actual results for the product for February: Actual output 5,169 units Actual direct laborhours 3,389 hours Actual direct labor cost $ ?4,698 The labor efciency variance for the month is closest to: Multiple Choice 0 $3,876 U $4_.199 F O 0 $4,199 U 0 $3,876 F