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Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Standard Cost Per Hours Standard Price or Rate Unit Direct materials 5.8

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Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Standard Cost Per Hours Standard Price or Rate Unit Direct materials 5.8 ounces $ 3.99 per ounce $ 17.49 Direct labor 9.5 hours $ 12.99 per hour $ 6.99 Variable overhead 9.5 hours $ 5.99 per hour $ 2.59 The company reported the following results concerning this product in June. Originally budgeted output 3,899 units Actual output 3,499 units Raw materials used in production 22,899 ounces Purchases of raw materials 22,599 ounces Actual direct labor-hours 529 hours - Actual cost of raw materials purchases in 42,599 Actual direct labor cost $ 13,899 Actual variable overhead cost $ 3,999 "he company applies variable overhead on the basis of direct laborhours. The direct materials purchases variance is computed when the materials are purchased. "he labor rate variance for June is

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