Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate. Standard Cost Per Unit $ 11.00 Direct materials Direct labor Variable overhead 5.5 ounces $ 2.00 per ounce 0.4 hours $ 11.00 per hour $ 4.40 0.4 hours $ 8.00 per hour $ 3.20 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 4,100 units 4,100 units 20,500 ounces 21,600 ounces 550 hours $ 42,800 $ 14,100 $ 4,050 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: $1,523 F $8,050 F $1,523 U $8,050 U