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Glider Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity of Standard Price or Hours Rate 3.5 grams $7.00 per gram 1.0 hours $10.00 per hour 10 hours $7.00 per hour Standard Cost Per Unit $24.50 $10.00 $7.00 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 S Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 8,400 units 8,300 units 28,290 grams 30,900 grams ,600 hours $219,390 $39.240 $24,120 3 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 materials quantity variance for June is: O $5,320 F O $5,396 F 0 $5,320 0 0 $5,396 0