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Tharaldson Corporation makes a product with the following standard costs Standard Quantity or Hours 6.8 ounces 0.5 hours 0.5 hours Direct materials Direct labor Variable overhead Standard Price or Rate $ 4.00 per ounce $ 12.00 per hour $ 7.00 per hour Standard Cost Per Unit $ 27.20 5 6.03 $ 3.50 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 Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 2,200 units 2,700 units 16,900 ounces 13,098 ounces 530 hours $ 45,000 $ 12,200 53,100 The company applies variable overhead on the basis of direct labor-hours. The direct matertals purchases variance is computed when the materials are purchased, The labor efficiency variance for June 15 Multiple Choice $6 840 F Next >