Seven, 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. Standard Quantity or Hours per Unit of Output Inputs Standard Price or Rate Direct materials 3.5 feet $ 8.20 per foot $ 7.00 per hour Direct labor 1.75 hours Variable manufacturing overhead 1.75 hours $ 2.50 per hour The company planned to produce 23,100 units of output during June and has reported the following actual results for the product for June: Actual output 24,000 Units Raw materials purchased/used 88,800 Feet Actual total cost of raw materials $ 710,400 Actual direct labor-hours 48,000 Hours Actual total direct labor cost $ 374,400 Actual total variable overhead cost $ 124,800 Assume all of the materials purchased was used during the month to produce the 24,000 units. The quantity variance for DM is: 8. $17,760 U OD $17.760 F None of the answers provided are correct od $39,360 F e $39,360 U