Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 7.3 ounces 0.2 hours 0.2 hours Direct materials Direct labor Variable overhead Standard Price or Rate $ 3.00 per ounce $ 17.00 per hour $ 6.00 per hour Standard Cost Per Unit $21.90 $ 3.40 $ 1.20 The company reported the following results concerning this product in June. Originally budgeted output Actual output 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 2,700 units 2,800 units 20,500 ounces 21,600 ounces 480 hours 42,100 12,700 3,350 A A A $ $ $ 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 $1723F O S4,540F $1,723 U $4.540 U