Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.3 Ounces $4.00 per ounce $ 21.20 Direct labor 0.8 hours $13.00 per hour $ 10.40 Variable overhead 0.8 hours $4.00 per hour $ 3.20 Originally budgeted output 4,300 units Actual output 4,300 units Raw materials used in production 24.500 ounces Purchases of raw materials 20,200 ounces Actual direct labor-hours 6,400 hours Actual cost of raw materials purchases $42,800 Actual direct labor cost $14,300 Actual variable overhead cost $4.150 Compute materials quantity variance, where the company applies variable overhead on the basis of direct labor-hours. 56.840 F $3.623 53.6230 56,840U