Tharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 5.7 ounces 0.2 hours 0.2 hours Standard Price or Rate $ 2.00 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 3,900 units 3,500 units 22,500 ounces 23,000 ounces 530 hours Actual cost of raw materials purchases $ 42,600 $ 13,900 $ 3,950 Actual direct labor cost Actual variable overhead cost Standard Cost Per Unit $ 11.40 $2.20 $ 1.20 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