TB MC Qu. 9-261 Bulluck Corporation makes a product ... Bulluck Corporation makes a product with the following standard costs: points Standard Quantity or Hours 3.6 grams 0.8 hours 0.8 hours Direct materials Direct labor Variable overhead Standard Price or Rate $ 1.10 per gram $12.00 per hour $ 2.10 per hour eBook References The company reported the following results concerning this product in July. Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials purchased Actual direct labor rate Actual variable overhead rate 3,100 units 11,470 grams 2,350 hours 12,200 grams $ 1.30 per gram $ 11.50 per hour $ 2.20 per hour 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: o $286E o $273 F o $286 U o $273 U