5 Direct materials Direct labor Variable overhead 01:05:01 Standard Quantity or Hours 7.3 ounces 0.2 hours 0.2 hours Standard Price or Rate $ 3.00 per ounce $17.00 per hour $ 6.00 per hour Standard Cost Per Unit $21.90 $ 3.40 $ 1.20 The company reported the following results concerning this product in June. Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Actual direct labor cost Purchases of raw materials Actual cost of raw materials purchases Actual variable overhead cost 2,700 units 2,800 units 20,500 ounces 21,600 ounces $ A A A $ 480 hours 42,100 $ 12,700 3,350 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materi The variable overhead efficiency variance for June is: 8 5 The variable overhead efficiency variance for June is: Multiple Choice 01:04:47 $496 F $480 U $496 U O $480 F Saved