Tharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.8 ounces Standard Price or Rate $ 4.00 per ounce 0.7 hours $12.00 per hour 0.7 hours $ 7.00 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 2,200 units 2,700 units 17,000 ounces 18,000 ounces 4,200 hours Standard Cost Per Unit $ 27.20 $ 8.40 $ 4.90 Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost $ 45,000 $ 12,200 $ 3,100 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the mate The materials price variance for June is: Multiple Choice $27,000 F $27,000 U Tharaldson Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.8 ounces Standard Price or Rate $ 4.00 per ounce $ 12.00 per hour 0.5 hours 0.5 hours $ 7.00 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 2,200 units 2,700 units 20,000 ounces 20,500 ounces 530 hours $ 45,000 $ 12,200 $3,100 Standard Cost Per Unit $27.20 $ 6.00 $3.50 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 efficiency variance for June is Multiple Choice $6.840 F $9.840 U