Question 24 4 points The standard cost sheet for one unit of product manufactured by LA Connection Company shows the following for material and direct labor Save Aniwer Material 4 pieces @ $5.50 $22.00 Direct labor-12 hours @ $4.00 48.00 Standard capacity is 5,000 standard productive hours per month. At this volume, budgeted overhead costs are: fixed, $12,000; variable $6,000. This information is used to calculate SR for Variable Overhead and for Fixed Overhead. During a month in which 570 units were completed, the following production costs were incurred. 2.400 pieces @$5.25 2,300 pieces 6,900 hours @ $4.50 Purchases of material Materials issued Direct labor payroll Overhead costs: Fixed Variable $12,500 6,800 $19,300 Be sure to show ALL your work with formulas, if needed, to receive full credit for a correct answer. What is the Direct Materials Price Variance if the Purchasing department is responsible for this variance? (4 pts.) TTT Arial : 3 (12pt) T. E.S