Oddo Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Standard Cost Hours 3.0 ounces 0.9 hours Rate $7.40 per ounce $15.00 per hour $5.00 per hour Per Unit $22.20 $13.50 $4.50 Direct labor Variable overhead 0.9 hours The company reported the following results concerning this product in December Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate 4.440 units 4.240 units 100 ounces 4,196 hours 14,820 ounces r ounce $18.70 per hour $5.10 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 materials quantity variance for December is: O $2.812 U O $2.736F O $2,812 F O $2.736 u