Previous Page Hert Page Page 4 of 9 Question 6 (5 points) Saved Tharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Standard Price or Rate Hours 6.5 Ounces $2.00 per ounce 0.2 hours $23.00 per hour 0.2 hours $6.00 per hour The company reported the following results concerning this product in June. Originally budgeted output Actual output Raw materials used in production 2,700 units 2,800 units 19.380 ounces 21,400 ounces 500 hours Purchases of raw materials Actual direct labor-hours Actual cost of raw.materials purchases Actual direct labor cost Actual variable overhead cost $ 40.660 $12.050 $3,100 The company applies variable overhead on the basis of direct labor hours. The labor rate variance for June is: $616 F $550 F 5616 U $550 U Previous Paus Not Fill Page 4 of 9 EN