Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Standard Cost Per Hours Standard Price or Rate Unit Direct materials 6.5 ounces $ 2.00 per ounce $ 13.06 Direct labor 0.2 hours $ 23.00 per hour $ 4.60 Variable overhead 0.2 hours $ 6.00 per hour $ 1.20 The company reported the following results concerning this product in June. Originally budgeted output 2, 700 units Actual output 2, 800 units Raw materials used in production 19, 380 ounces Purchases of raw materials 21, 400 ounces Actual direct labor-hours 500 hours Actual cost of raw materials purchases $ 40, 660 Actual direct labor cost $ 12,050 Actual variable overhead cost $ 3, 100 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 O $616 F O $616 U O $550 F O $550 UDibert Incorporated has provided the following data concerning one of the products in its standard cost system. Standard Quantity or Hours Inputs per Unit of Output Standard Price or Rate Direct labor 0.70 hours $ 20.40 per hour The company has reported the following actual results for the product for February: Actual output 5, 100 units Actual direct labor-hours 3, 380 hours Actual direct labor cost $ 74, 698 The labor rate variance for the month is closest to: Multiple Choice O $5,746 U O $6,069 F O $5,746 F O $6,069 U