X Question 18 Tharaldson Corporation makes a product with the following standard coats Standard Quantity of Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.3 Ounces $2.00 per Ounce $ 10.60 Direct labor 0.2 ho $14.00 per hour $ 280 Variable overhead 0.2 hours $ 90 $400 per hout The company reported the following results concerning this product in June. Originally budgeted output 4,300 units Actual output 4,100 units Raw materials used in production 20,900 ounces Purchases of raw materials 22,000 ounces Actual direct labor-hours 570 hours Actual cost of raw materials purchases $39,400 $14,300 $4,150 Actual direct labor cost Actual variable overhead cost The company applies variable overhead on the basis of direct labor hours. The direct materias purchases recomand the materials are purchased. The company reported the following results concerning this production. Originally budgeted output 4300 units Actual output 4,100 units Raw materials used in production 20.900 ounces Purchases of raw materials 22.00 ounces Actual direct labor-hours 570 hours Actual cost of raw materials purchases $39.400 $14,300 Actual direct labor cost Actual variable overhead cost $4,150 The company applies variable overhead on the basis of direct labor-hours. The direct materias pudeses voraces comed when the materials are purchased. The labor efficiency variance for June is: $3,500F $4,060U $4,060 F $3,500 V