Print Name Asher Sam 1. The Oval Office in the White House has 2. In general, the production manager is responsible for the materials price variance. True b) False Inputs Direct materials Direct labor number of corners. 3-5. Heye Inc. has provided the following data concerning one of the products in its standard cost s Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Standard Quantity or Hours per Unit of Output Actual price of raw materials Raw materials used in production Actual direct labor-hours Actual direct labor rate 6.7 grams 0.20 hours Class Start Time 40 6,300 48,100 $7.00 42,200 1,350 $20.10 The company has reported the following actual results for the product for August: Actual output Raw materials purchased b. Compute the materials quantity variance (MQV) for August. Standard Price or Rate units grams per gram grams hours per hour Required - 2 points each - REMEMBER TO SHOW FAVORABLE /UNFAVORABLE: a. Compute the materials price variance (MPV) for August