10 Direct materials Direct labor Variable overhead Standard Quantity or Hours 5.7 ounces 0.2 hours 0.2 hours Standard Standard Price or Cost Per Rate Unit $ 2.00 per ounce $11.40 $11.00 per hour $ 2.20 $ 6.00 per hour $ 1.20 00:33:54 Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchase Actual direct labor cost Actual variable overhead coat 3,900 units 3,500 units 20.700 ounces 21,800 ounces 530 hours $ 42,600 $13.900 $ 3,950 Compute the labor rate variance where the company applies variable overhead on the basis of direct lobor hours Miniple Choice