Gilder Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate	Standard Cost Per Unit
Direct materials	5.0 grams	$4.00 per gram	$20.00
Direct labor	0.8 hours	$15.00 per hour	$12.00
Variable overhead	0.8 hours	$4.00 per hour	$3.20

The company reported the following results concerning this product in June.

Originally budgeted output	6,200	units
Actual output	6,100	units
Raw materials used in production	28,440	grams
Purchases of raw materials	32,400	grams
Actual direct labor-hours	4,600	hours
Actual cost of raw materials purchases	$132,840
Actual direct labor cost	$73,140
Actual variable overhead cost	$17,020

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 variable overhead rate variance for June is:

$1,380 F

$1,380 U

$1,464 U

$1,464 F