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Gilder Corporation makes a product with the following standard costs: Standard Price or Rate Standard Cost Per Unit Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.80 grams 0.10 hours 0.10 hours $12.00 per gram $18.00 per hour $ 5.00 per hour $81.60 $ 1.80 $ 0.50 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 3,800 units 4,020 units 25,624 grams 28,924 grams 380 hours $338,410 $6,540 $808 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 price variance for June is: $8,678 $8,678 U O $8,448 F O $8,448 U