Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Rate Hours Direct materials $ 2.00 per ounce Direct labor 0.2 hours $23.00 per hour Variable overhead 0.2 hours $ 6.00 per hour 6.5 ounces Standard Cost Per Unit $ 13.00 $ 4.60 $ 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 labor efficiency variance for June is: The labor efficiency variance for June is: $1.446 F O $1,380 V $1,380 F $1,446 U