Question 32 (3.333333333 points) Ch. 10 - Mjolnir Corporation makes a hammer with the following standard costs: Standard Quantity or Standard Cost Hours Standard Price or Rate Per Unit Direct 7.3 ounces $ 3.00 per ounce $ 21.90 materials Direct labor 0.2 hours 17.00 per hour $ 3.40 Variable 0.2 hours $ 6.00 per hour overhead 1.20 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 Budgeted direct labor-hours Actual direct labor-hours Actual direct labor rate Actual cost of raw materials purchases Actual direct labor cost Actualishlanurhandlet 2700 units 2800 units 18,500 ounces 20,440 ounces 560 hours 480 hours $22.68 $ 42,100 $ 12,700 220 $ 1.20 Variable overhead 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 Purchases of raw materials Budgeted direct labor-hours Actual direct labor-hours Actual direct labor rate Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost The labor efficiency variance for June is: 2700 units 2800 units 18,500 ounces 20,440 ounces 560 hours 480 hours $22.68 $ 42,100 $ 12,700 $ 3,360 $1020 U $13608 $1360 U $1020 F