TB MC Qu. 10-127 (Static) Miguez Corporation makes a product with... Miguez Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead Standard Quantity or Hours 2.3 liters Standard Cost Standard Price or Bate $7.00 per liter 0.7 hour 0.7 hours $ 22.00 per hour $2.00 per hour Per Unit $ 16.10 $15.40 $1.40 The company budgeted for production of 2,800 units in September, but actual production was 2.500 units. The company used 5,440 Iters of direct material and 1,680 direct labor hours to produce this output. The company purchased 5,800 iters of the direct material at $7.20 per ster. The actual direct labor rate was $2410 per hour and the actual variable overhead rate was $1.90 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 price variance for September is Mutiple Choice O SUSOU O 1060 F SOU SOF