Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 7.6 ounces 0.5 hours 0.5 hours Direct materials Direct labor Variable overhead Standard Price or Rate $ 4.00 per ounce $ 10.00 per hour $ 5.00 per hour Standard Cost Per Unit $30.40 $ 5.00 $ 2.50 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 3,000 units 3,100 units 20,000 ounces 17,400 ounces 470 hours 45,000 13,000 3,400 $ $ $ 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 rate variance for June is: Multiple Choice $1,062 U $1,062 F $1,050 F $1,050 U