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Bulluck Corporation makes a product with the following standard costs: O Standard Quantity or Hours 4.40 gram 0.40 hours 0.40 hours Direct materi Direct i Variable overhead un Standard Price or Rate 1.90 per gram $20.00 per hour $ 2.90 per hour / The company reported the following results concerning this product in July. 0 Actual output Raw materials used in production oduction Actual direct labor-hours Purchases of raw materials Actual price of raw materials purchased Actual direct labor rate Actual variable overhead rate 3,900 units 12,270 1,440 h 13,000 grams $ 2.10 per gr $ 12.30 per ho 3.00 per hour 0 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