\"W...\" _.. ., . . . "Tiff1., .' ' " \" Standard quantity/hours Standard price/rate Direct materials 4.3 ounces $6 per ounce Direct labor 0.2 hours $21 per hour Variable overhead 0.2 hours $7 per hour In January the company produced 3,500 units using 14,710 ounces of the direct material and direct labor-hours. During the month, the company paid $5.80 per ounce for the direct materi IV The actual direct labor cost for the month was $49,713 and the actual variable overhead oostwas $16,571. The company applies variable overhead on the basis of direct labor-hours. Answer the following questions: (Please round all rates and "per unit" answers to 2 decimal places and costs to the nearest whole dollar.) * .j Show your work here, including calculations or spreadsheet data. for partial credit (optional). e report for June by completing the y r 1 budget performanc Pre are the company's exible P and label each variance as favorable (F) or un : below. Enter each dollar value 4.500 F. (9 points) 4,500 F. (9 points) Flexible Actual Budget Variance V Results Variance Revenue $63.300 Wages ' and 37,100 salaries supplies 9,900 Insurance 5,400 Misc. . 5,200 expense Tota' j' 58,600 __ ~'- 1 expense Net ~-*"' " \" 1\"" operating L 3299 - ~~' L -' \" \"' '\" income