Milar Corporation makes a product with the following standard costs: Standard Quantity or Hours Direct materials Direct labor Variable overhead In January the company produced 2,000 units using 16,060 pounds of the direct material and 210 direct labor-hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $65,910. The actual direct labor cost was $4,473 and the actual variable overhead cost was $756. The labor rate variance for January is: The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. Multiple Choice $260 U $273 U 7.7 pounds 0.1 hours 0.1 hours $260 F Standard Price or Rate $ 4.00 per pound $ 20.00 per hour $ 4.00 per hour $273 F

Mitar Corporation makes a product with the foliowing standard costs: cost of $65,910. The actual drect labor cost was $4,473 and the actual variable overhead cost was $756. The company applies variable overhead on the basis of diect laborinours. The direct materials purchases variance is computed when the materlals are purchased The tabot rate variance for January is: Matiple Chaice 1260U 52734 52601 sin