The following standard for variable overhead have been established for a company that makes only one product: Standard hours per unit of output: 6.8 hours Standard variable overhead rate: $14.00 per hour The following data pertain to operations for the last month: Actual hours: 9500 hours actual total variable overhead cost: dollar 125, 230 Actual output: 1390 Units a. What is the variable overhead rate variance for the month? The following materials standards have been established for a particular product: Standard quantity per unit of output 3.1 grams Standard price S13.00 per grams The following data pertain to operations concerning the product for the last month: The direct materials purchase variance is computed when the materials are purchased. Required: What is the materials price variance for the month