Question 44 Coronado Co. produces wooden boxes. The company's standards per box require 5 boards, each costing $9 per board, and half of an hour of direct labour. The standard labour rate is $16 per hour. In August, Coronado Co. Purchased 11990 boards for a total cost of $123500. It used 11550 boards to manufacture 1950 boxes. Total labour hours were 1010 hours, and total labour costs were $16240. What was the material quantity variance for August? 0 $3960 U O $3960 F O $16200 U $16200 F