Tharaldson Corporation makes a product with the following standard costs: Direct materials Standard Quantity Standard Price or Standard Cost or Hours Rate Per Unit 7.3 $ 3.00 per $ 21.90 ounces ounce @.2 hours $ 17.00 per hour $ 3.40 0.2 hours $ 6.00 per hour $ 1.29 Direct labor Variable overhead 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 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 efficiency variance for June is: The company applies variable materials are purchased. The labor efficiency variance for June is: Multiple Choice O S1,360 U O $1.360 F $1,020 U O $1,020 F ORI e