Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 7.6 ounces 0.5 hours 0.5 hours Standard Cost Per Unit $ 30.40 $5.00 $ 4.50 Standard Price or Rate $ 4.00 per ounce $ 10.00 per hour $ 9.00 per hour Direct materials Direct labor Variable overhead The company reported the following results concerning this product in June. Originally budgeted output 3,000 units Actual output 3,100 units Raw materials used in production 16,300 ounces Purchases of raw materials 17,400 ounces Actual direct labor-hours 510 hours Actual cost of raw materials purchases $ 45,000 Actual direct labor cost $ 13,000 Actual variable overhead cost $ 3,500 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materi purchased The labor rate variance for June is