TB MC Qu. 10-144 Doogan Corporation makes a product ... Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours 2.0 grams 1.0 hours 1.0 hours Direct materials Direct labor Variable overhead Standard Price or Rate $ 7.00 per gram $14.00 per hour $ 6.00 per hour The company produced 4,700 units in January using 10,280 grams of direct material and 2,260 direct labor-hours. During the month, the company purchased 10,850 grams of the direct material at $7.30 per gram. The actual direct labor rate was $14.55 per hour and the actual variable overhead rate was $5.80 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 for January is