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Please help solve this question Ill| Intermedia Custom... ) Dell 1 Bing @ Novatime Gilder Corporation makes a product with the following standard costs: Standard

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Ill| Intermedia Custom... ) Dell 1 Bing @ Novatime Gilder Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Standard Cost Hours Rate Per Unit Direct materials 5.3 grams $7.00 per gram $3710 Direct labor 0.8 hours $18.00 per hour $14.40 Variable overhead 0.8 hours $7.00 per hour $5.60 The company reported the following results concerning this product in June. Originally budgeted output 5,700 units Actual output 5,600 | units Raw materials used In production 28,470 grams Purchases of raw materials 32,700 | grams Actual direct labor-hours 4,400 | hours Actual cost of raw materials purchases $232,170 Actual direct labor cost $83,160 Actual variable overhead cost $29,480 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 June Is: $560 F $536 U $536 F $560 U

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