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Dirickson Inc. has provided the following data concerning one of the products in its standard...

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Accounting

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Dirickson Inc. has provided 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 Standard Quantity or Hours per Unit Standard Price or Inputs Direct materials Direct labor Variable manufacturing overhead Rate $ 9.40 per ounce $18.00 per hour $ 5.30 per hour of output 7.6 ounces 0.10 hours 0.10 hours The company has reported the following actual results for the product for July: 2,600 units 63,000 ounces Raw materials purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost $541,800 57,750 ounces 820 hours s 15,072 s 4,592 The raw materials price variance for the month is closest to

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