P23-1A LO4,5. AP Costello Corporation ma t ures a single product. The standard.content of product is shown below Direct materials-pound plastic at 57.00 per pound 5 700 Direct labor--16 hours at 512.00 per hour Variable ma turing overhead 12.00 Find a ctrine overhead 4.00 Total standard cost per unit The predetermined Manufacturing overhead te is $10 per dit behoer (516.001.6). It was computed from a master m ufcuring overhead budget based on normal production of 8.000 direct labor hours (5.000 units) for the month. The master budget showed total variable costs of $60.00 (5750 per hour) and total fled over c oss of $20.000 (5250 per hour) Actual costs for October in producing 4,900 units were as follows. Direct materials (5.100 pounds) 5 36,720 Direct labor (7500 hours) 91.750 Variable overhead 59.700 Fundova Total manufacturing costs $211.170 The purchasing department buys the quantities of raw materials that are expected to be used in production each month Row materials inventories, therefore, can be ignored Instruction Compute all of the materials and lahe variances VSD a) Compute the total overhead variance