Question 3 3 pts Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours Standard Price or Rate per Unit of Output 7.7 ounces Direct materials Direct labor Variable manufacturing overhead 0.4 hours 0.4 hours $ 7.80 per ounce $ 38.70 per hour $ 6.10 per hour The company has reported the following actual results for the product for April: 7.750 units 62,540 ounces $ 372,350 Actual output Raw materials purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 59,695 ounces 2,610 hours $ 105,800 $ 14,941 Match the variances to the amounts. materials price variance materials quantity variance [Choose] $980 F $115,462 F $4,793 U $18,963 F $156 U $2,989 F labor rate variance labor efficiency variance