32 013830 Tharaldson Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.2 ounces 0.5 hours 0.5 hours Standard Cost Per Standard Price or Rate Unit 5 3.00 per ounce $ 10.00 per hour $18.60 $5.00 $7.00 per hour 5.3.50 The company reported the following results concerning this product in June. Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 3,400 units 2,800 units 21,200 ounces 22,300 ounces 480 hours $42,100 $13,400 $3,700 Check my w 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 labor efficiency variance for June is