X Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.6 Ounces $3.00 per ounce $19.80 Direct labor 0.3 hours $ 10,00 per hour $ 3,00 Variable overhead 03 hours $5.00 per hour $ 1.50 Originally budgeted output 2.000 units Actual output 2.500 units Raw materials used in production 19,000 ounces Purchases of raw materials 15.000 ounces Actual direct labor hours 510 hours Actual cost of raw materials purchases$40,000 Actual direct labor cost $12,000 Actual variable overhead cost $3,000 Compute the variable overhead rate variance, where the company applies variable overhead on the basis of direct labor-hours. $450 F $462 F 5462 $450 U Previous Net