Question 21 Handerson Corporation makes a product with the following standard costs Direct materials Direct labor Standard Quantity or Standard Price or Rate $ 6.70per kilo Hours 9.2killes 0hours $ 27.00 hour 04hours $ 6.70 Pour Variable overhead The company reported the following results concerning this product in August Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 3900units D 29,730kilos 32.300kilos 1130hours $ 202,920 $ 23,436 8240 >pts 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 variable overhead rate variance for August is: Standed Quentity or Standard Price or Rate Det materials S 6.70per kilo Direct labor Qhours $27.00 hour Variable overhead 04hours $ 6.70 hour The company reported the following results concerning this product in August. Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 3900units 29.730kilos 32,300kilos 1130hours: $ 202.920 $ 23,436 $ 8240 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 variable overhead rate variance for August is: