Tharaldson Corporation makes a product with the following standard costs Direct materiale Direct labor Variable overhead Standard Quantity or Hours 7.4 ounces 0.3 hours 0.3 hours Standard Price or tato $ 2.00 per ounce $18.00 per hour $ 7.00 per hour standard Cont Por Unit 5 14.80 $5.40 $ 2.10 The company reported the following results concerning this product in June. Originally budgeted output Actual output Raw materials used in production Purchases of raw materiale Actual direct labor-hours Actual cost of raw materiale purchases Actual direct labor cost Actual variable overhead cost 2,800 units 2,900 units 20,600 ounces 21,700 ounces 490 hours $ 42,200 $ 12,800 $ 3,400 The company applles 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: The labor efficiency variance for June is Mit Choice $6.140 Utowable 56,840 Favorable $6,300 Unfavorable $6.300 Favorable