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 Standard Price or Cost Per Rate Unit $ 4.00 per ounce $30.40 $10.00 per hour $ 5.00 $ 9.00 per hour $ 4.50 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 21,000 ounces 510 hours $ 45,000 $ 13,000 $ 3,500 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 labor rate variance for June is: The labor rate variance for June is: Multiple Choice $1,337 F $7,900 F $1,337 U $7,900 U