Help Save & Ext Submit 11 Tharaldson Corporation makes a product with the following standard costs 8 cosao Direct materials Direct labor Variable overhead Standard Quantity or Hours 5.6 ounces 0.3 hours .3 hours Standard Price or Rate $ 3.ee per ounce $10.00 per hour $ 7.00 per hour Standard Cost Per Unit $16.80 $ 3.00 $2.10 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 4,000 units 3,500 units 20,600 ounces 21,700 ounces 540 hours $ 42,700 $ 14,000 $ 4,000 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 efficiency variance for June is: Exam 40 ne or emciency vanance for june is 11 Multiple Choice 5500E 56,60 1600