Gilder Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Rate Standard Cost Hours Per Unit $8.00 per gram $12.00 per hour $8.00 per hour 4.0 grams 0.6 hours 0.6 hours $32.00 $7.20 $4.80 Direct materials Direct labor Varlable overhead The company reported the followling results concerning this product In June. Originally budgeted output Actual output Raw materlals used in production Purchases of raw materlals Actual direct labor-hours Actual cost of raw materlals purchases Actual direct labor cost Actual varlable overhead cost 7,300 units 7,200 28,340 grams 31,400 grams 4,100 | hours $254,340 units $52,890 $31,570 The company applies varlable overhead on the basis of direct labor-hours. The direct materlals purchases varlance Is computed when the materials are purchased. The varlable overhead efficlency varlance for June Is: $1,694 F $1,760 U $1,694 U O $1,760 F