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Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard...

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Accounting

Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 4.1 grams $7.00 per gram $28.70 Direct labor 0.7 hours $10.00 per hour $7.00 Variable overhead 0.7 hours $7.00 per hour $4.90 The company reported the following results concerning this product in June. Originally budgeted output 7,100 units Actual output 7,000 units Raw materials used in production 28,350 grams Purchases of raw materials 31,500 grams Actual direct labor-hours 4,500 hours Actual cost of raw materials purchases $223,650 Actual direct labor cost $49,050 Actual variable overhead cost $30,150 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:

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