Your answer is partially correct. Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-1 pound plastic at $6.00 per pound $6.00 Direct labor-2.0 hours at $12.20 per hour 24.40 Variable manufacturing overhead 15.00 Fixed manufacturing overhead Total standard cost per unit $58.40 13.00 The predetermined manufacturing overhead rate is $14.00 per direct labor hour ($28.00 + 2.0). It was computed from a master manufacturing overhead budget based on normal production of 10,000 direct labor hours (5,000 units) for the month. The master budget showed total variable costs of $75,000 ($7.50 per hour) and total fixed overhead costs of $65,000 ($6.50 per hour). Actual costs for October in producing 3,400 units were as follows. Direct materials (3,600 pounds) $22,320 Direct labor (6,650 hours) Variable overhead Fixed overhead Total manufacturing costs $203,210 83,790 66,638 30,462 The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. (a) Compute all of the materials and labor variances. 1920 i Unfavorable $ 720 Unfavorable 1200 i Unfavorable Total materials variance Materials price variance Materials quantity variance $ Total labor variance $ Labor price variance Labor quantity variance 830 i Unfavorable $ 2660 Unfavorable Favorable $ (b) Compute the total overhead variance, Total overhead variance $ Unfavorable Current Attempt in Progress A company developed the following per unit materials standards for its product: 3 pounds of direct materials at $5 per pound. If 23000 units of product were produced last month and 71875 pounds of direct materials were used, the direct materials quantity variance was O $8625 unfavorable O $8625 favorable O $14375 unfavorable. O $14375 favorable