TB MC Qu. 10-141 (Algo) Tharaldson Corporation makes ... Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 7.5 ounces 0.4 hours 0.4 hours Direct materials Direct labor Variable overhead Standard Price or Rate $ 3.00 per ounce $ 19.00 per hour $ 8.00 per hour Standard Cost Per Unit $ 22.50 $ 7.60 $ 3.20 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 2,900 units 3,000 units 20,700 ounces 21,800 ounces 500 hours $ 42,300 $ 12,900 $ 3,450 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 $1,466 U $3,400 F $1,466 F $3.400 U