Milar Corporation makes a product with the following standard costs 22 Do standard Quantity out Standard Price MARI Direct materials 7.0 pounds $6.50 per pound Direct labor 0.0 boura 9.26.00 per hour Variable overhead 0.8 hours 0 12.00 per hour In January the company produced 3.370 units using 13,480 pounds of the direct material and 2.816 direct labor.hours. During the month the company purchased 16,900 pounds of the direct material at a cost of $14.240. The actual derect labor cost was $72.80 and the actual overhead cost was $32,380 1 S 882 Charle wood The company applies variable overhead on the basis of direct labor hours. The direct materinis purchases variance is computed when the meals are purchased The labor rate variance for January is Multiple Choice $406 U $406 F