Ortman Corporation makes a product with the following standard costs Standerd Quantity or Standard Pric e or Rate 79 iters 13 hours 13 hours $14.00 per ter $29.00 per hour $2.00 per hour Direct labor Variable overhead The this product in Mey Actual output Raw materials used in production Actual direct labor hours Purchases of aw materials Actual price of raw materials purchased Actual direct laborrate 2,900 units 22.620 itens 3640 hours 24,740 Iters 810 per h $2780 per hour 170 per hour The company applies veriable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for May is: $4,395 F $4.368 LU $4.368 F 4.395 u O