oblem 24-01A ogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-1 pound plastic at $6.00 per pound $6.00 Direct labor-1.5 hours at $12.20 per hour 18.30 Variable manufacturing overhead Fixed manufacturing overhead 15.00 Total standard cost per unit $18.30 The predetermined manufacturing overhead rate is $16.00 per direct labor hour ($24.00 +1.5). It was computed from a master manufacturing overhead budget based on normal production of 700 din hours (5 800 vnts) for the month. The master budget showed total variable costs of $52,200 ($6.00 per hour and total fixed overhead costs of $87,000 ($10,00 per hour). Actual costs for October in producing 4,300 units were as follows Direct materials (4,500 pounds) Direct labor (6,250 hours) Variable overhead Fred overhead Total manufacturing costs $ 27.900 77,500 78.430 26,670 $210,500 The purchasing department buy the quantities of raw materials that are expected to be used in production each month raw materials inventories, therefore, can be ignored Computea of the materials and labor variances 2100 Total materiais variance unfavorable Material price variance 1200 Materiais quantity ance Total laborace price vince Labor quantas variance Coroute that Totalvemate