Tharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 5.7 ounces 0.2 hours 0.2 hours Standard Standard Price or Cost Per Rate Unit $2.00 per ounce $11.40 $11.00 per hour $ 2.20 $ 6.00 per hour $ The company reported the following results concerning this product in June Originally budgeted output Actual butput 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 3.900 unite 3,500 units 22,500 ounces 23,008 ounces 530 hours $42,600 $13,900 $ 3,950 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