TB MC Qu. 9-311 Milar Corporation makes a product with ... 24 Milar Corporation makes a product with the following standard costs 10 points Direct materials Direct labor Variable overhead Standard Quantity or Hours 10.5 pounds 0.8 hours 0.8 hours Standard Price or Rate $10.ee per pound $33.00 per hour $15.50 per hour In January the company produced 3,440 units using 13,760 pounds of the direct material and 2.872 direct labor hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $14,520. The actual direct labor cost was $94,363 and the actual variable overhead cost was $42,684 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 labor rate variance for January is The labor rate variance for January is: Multiple Choice o $413 F o $413 o O s3.547 0 o $3,547 F