Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 9.4?grams$4.00?per gramDirect labor 0.4?hours$40.00?per hourVariable overhead 0.4?hours$9.00?per hourThe company produced 7200 units in January using 41,310 grams of direct material and 2580 direct labor-hours. During the month, the company purchased 46,400 grams of the direct material at $3.70 per gram. The actual direct labor rate was $39.30 per hour and the actual variable overhead rate was $8.80 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 rate variance for January is:
A. $576 F
B. $576 U
C. $516 F
D. $516 U
Answer: C
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