Question 3 Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials,1 pound plastic at $7.00 per pound $ 7.00 Direct labor-2.5 hours at $12.30 per hour 30.75 Variable manufacturing overhead 18.75 Fixed manufacturing overhead 6.25 Total standard cost per unit $62.75 The predetermined manufacturing overhead rate is $10.00 per direct labor hour ($25.00 = 2.5). It was computed from a master manufacturing overhead budget based on normal production of 12,500 direct labor hours (5,000 units) for the month. The master budget showed total variable costs of $93,750 ($7.50 per hour) and total fixed overhead costs of $31,250 ($2.50 per hour). Actual costs for October in producing 4,100 units were as follows. Direct materials (4,250 pounds) $ 30,175 Direct labor (10,090 hours) 126,125 Variable overhead 75,848 Fixed overhead 28,652 Total manufacturing costs $260,800 The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. (a) Compute all of the materials and labor variances. Total materials variance $ Materials price variance $ Materials quantity variance $ Total labor variance $ Labor price variance Labor quantity variance $ (b) Compute the total overhead variance. Total overhead variance $