Tharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.7 ounces 0.4 hours 0.4 hours Standard Price or Rate $ 3.00 per ounce $ 11.00 per hour $ 6.00 per hour 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 2,100 units 2,600 units 19,500 ounces 20,000 ounces 520 hours $ 41,000 $ 12,100 $ 3,050 Standard Cost Per Unit $ 20.10 $ 4.40 $ 2.40 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 efficiency variance for June is: Multiple Choice $3.520 F $5,720 U $3.520 U $5,720 F Theraldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 7.6 ounces 0.5 hours 0.5 hours Standard Price or Rate $4.00 per ounce $ 10.00 per hour $ 9.00 per hour The company reported the following results conceming 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 Standard Cost Per Unit $ 30.40 $ 5.00 $ 4.50 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: Multiple Choice $1337 F $7,900 F $1.337 U $7,900 U