Handerson Corporation makes a product with the following standard costs: Standard Quantity or Hours 8.6 kilos 0.5 hours 0.5 hours Direct materials Direct labor Variable overhead Standard Price or Rate $ 6.10 per kilo $21.00 per hour $ 6.10 per hour The company reported the following results concerning this product in August. Actual output 3,300 units Raw materials used in production 29. 130 kilos Purchases of raw materials 31,700 kilos Actual direct labor-hours 1,170 hours Actual cost of raw materials purchases $196, 920 Actual direct labor cost $ 22,836 Actual variable overhead cost $ 7,640 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 variable overhead rate variance for Augustis. Multiple Choice O $709 F $709 O $503F 0 $503 U
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