Bulluck Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead Standard Quantity or Hours 5.30 grams 0.40 hours 0.40 hours Standard Price or Rate $ 2.80 per gram $ 29.00 per hour $ 3.80 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 4,800 units 13,170 grams 1,700 hours 13,900 grams $ 3.00 per gram 5 13.20 per hour $ 3.90 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 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. Multiple Choice O $836 Favorable 5858 Unfavorable 5858 Favorable