Gilder Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate	Standard Cost Per Unit
Direct materials	8.80 grams	$4.00 per gram	$35.20
Direct labor	0.1 hours	$19.00 per hour	$1.90
Variable overhead	0.1 hours	$4.00 per hour	$0.40

The company reported the following results concerning this product in June.

Originally budgeted output	5,400	units
Actual output	5,500	units
Raw materials used in production	40,400	grams
Purchases of raw materials	46,500	grams
Actual direct labor-hours	610	hours
Actual cost of raw materials purchases	$261,990
Actual direct labor cost	$8,103
Actual variable overhead cost	$3,066

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 rate variance for June is:

$3,487 U

$3,487 F

$3,506 F

$3,506 U

30. Gilder Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity Standard Price or or Hours Rate 8.80 grams $4.00 per gram 0.1 hours $19.00 per hour 0.1 hours $4.00 per hour Standard Cost Per Unit $35.20 $1.90 $0.40 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 5,400 units 5,500 units 40,400 grams 46,500 grams 610 hours $261,990 $8,103 $3,066 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 rate variance for June is: $3,487 U $3,487 F $3,506 F $3,506 U