21 Bulluck Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 4.10 grams 0.60 hours 0.60 hours Standard Price or Rate $ 1.60 per gram $ 17.00 per hour The company reported the following results concerning this product in July. Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials purchased Actual direct labor rate Actual variable overhead rate $ 2.60 per hour 3,600 units 11,970 grams 1,950 hours 12,700 grams $ 1.80 per gram $ 12.00 per hour $ 2.70 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 July is: Check my work The variable overhead efficiency variance for July is: Multiple Choice $546 F $567 U $567 F $546 U