Tharaldson Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.3 ounces 0.4 hours 8.4 hours Standard Price or Rate $ 2.00 per ounce $11.ee per hour $ 6.00 per hour Standard Cost Per Unit $12.60 $4.40 $ 2.40 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 3,300 units 2,600 units 19,500 ounces 22,46 ounces 470 hours 42.ee 23.30 3.550 $ 5 The company apples variable overhead on the basis of direct labor hours. The direct materials purchases valince a computed when the materials are purchased The variable overhead rate vir once for Jones