A company uses a standard costing system with the standards per unit below: Standard Quantity/Hours Direct materials 6.5 ounces Direct labor 0.2 hours Variable overhead 0.2 hours Price $2.00 per ounce $23.00 per hour $ 6.00 per hour Standard Cost per Unit $13.00 $ 4.60 $ 1.20 The company reported the following results concerning this product in June. Master Budget 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 2,700 units 2,860 units 19,380 ounces 21,400 ounces 500 hours $ 42,260 $ 12,050 $ 3,300 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 purchases price variance for June is: O $ 540 F $ 350 U O $ 350 F O $ 540 U The materials quantity variance for June is: O $ 5,620 U O $ 5,620 F O $1,580 F O $1,580 U The materials quantity variance for June is: O $ 5,620 U O $ 5,620 F O $1,580 F O $1,580 U The direct labor efficiency variance for June is: O $ 550 F O$1,656 U $1,656 F O$ 550 U The variable overhead rate variance for June is: O $132 U O $ 300 F O $ 132 F O $300 U The variable overhead spending variance for June is: O$ 132 U O $ 432 0 O $ 132 F O $ 432 F