Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 6.4 ounces $ 3.00 per ounce Direct labor 0.3 hours $ 10.00 per hour Variable overhead 0.3 hours $ 5.00 per hour The company reported the following results concerning this product in June. Standard Cost Per Unit $ 19.20 $ 3.00 $ 1.50 Originally budgeted output 3,200 units Actual output 2,600 units Raw materials used in production 20,200 ounces Purchases of raw materials 21,300 ounces Actual direct labor-hours 460 hours Actual cost of raw materials purchases $ 45,200 hatual direct labor cost $ 13,200 Actual variable overhead cost $ 3,600 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 officiency variance for June Is O $5,000 F O $3,200 U $5,000 U O $3,200 F