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10-7 Please help and show work. I do not understand. Thank you. ...

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Accounting

10-7 Please help and show work. I do not understand. Thank you.
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Majer Corporation makes a product with the following standard costs: Standard Quantity Or Hours 6.8 ounces 0.4 hours 0.4 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $20,40 $ 6.00 $1.20 Standard Price or Rate $ 3.00 per ounce $ 15.00 per hour $ 3.60 per hour The company reported the following results concerning this product in February Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate 5,400 units 8,200 units 38.500 ounces 1,950 hours 31,508 ounces $ 62.90 per ounce $72.40 per hour $ 4.Se per hour 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 efficiency variance for February is The company applies variable overhead on the basis of direct taboe hours. The direct materials purchases variance is computed when the materials are purchased The variable overhead efficiency variance for February is Multiple Choice $3.990 $3.940F $3.990 $3940 U

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