Standard COSES: Standard quantity or Hours Direct materials Direct labor Variable overhead 0.3 hours 0.3 hours Standard Price or Rate $ 2.20 per gram $17.00 per hour $ 8.00 per hour The company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour. 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 materials quantity variance (MQV) for January is: $13,266 F a $1,660 F 0 $1,660 U $13,206 U Moving to another question will save this response MacBook Air 80 F3 888 F4 19 BD 2 A 1 # 3 $ 4 2 % 5 & 7 6 8 9 O W E R T Y I O S D F G H J K N C V B N M me following standard costs: 3.3 points Save An andard quantity or Hours 6.4 grams 0.3 hours 0.3 hours Standard Price or Rate 12 FT TENT $17.00 per hour $ 8.00 per hour ary using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual he actual variable overhead rate was $6.80 per hour. the basis of direct labor hours. The direct materials purchases variance is computed when the materials are purchased. January is: we this response