Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Standard Price or Cost Per Rate Unit $ 3.00 per ounce $ 17.00 per hour $ 6.00 per hour...

Extracted text: Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Standard Price or Cost Per Rate Unit $ 3.00 per ounce $ 17.00 per hour $ 6.00 per hour Direct materials 7.3 ounces $21.90 $ 3.40 $ 1.20 Direct labor e.2 hours Variable overhead e.2 hours The company reported the following results concening this product in June. 2,700 units 2,800 units 18,500 ounces Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours 21,600 ounces 480 hours $ 42,100 $ 12,700 $ 3,350 Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost The company applies varlable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materlals are purchased. The labor rate varlance for June is: