EXAM 4 (FINAL)-CH 8, 9, 10 the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours or Hours per Unit Standard Price or nputs Direct materials Direct labor Variable manufacturing overhead Ra 7.6 ounces 0.10 hours 0.10 hours $ 9.40 per ounce $18.00 per hour $ 5.30 per hour The company has reported the following actual results for the product for July 7,600 units 63,000 ounces Raw materials purchased Actual cost of raw materials purchased Raw materials used in production $541,800 57,750 ounces 820 hours Actual direct labor-hours Actual direct labor cost $ 16,072 s 4,592 The raw materials price variance for the month is closest to: $46,200 F Prey 20 of 28 Naxt >