2 Pippin Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is apporto products on the basis of direct lobor-hours Standard Quantity or Hours per Unit of Inputs Output Standard.co Or Rate Direct materials 5. $ 7.00 per gram Direct labor UNO hours $21.30 per hour voria iacturing when 0.30 hours $ 9.60 per hour The company has reported the following actual results for the product for June Actual output Raw materials purchased Actual price of raw materials Raw materials used in production Actual direct labor-hours Petual direct labor rate actual variable overhead rate 8,500 unita 48, 100 gram $ 7.70 per gram 42, 490 grams 2.300 hours 521.70 per hour 5 9.80 per hour The labor efficiency variance for the month is closest to Multiple Choice 55.4250 o $5,425 F $5,325 0 35325 F