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Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 7.6

Gilder Corporation makes a product with the following standard costs:

Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit
Direct materials 7.6 grams $6.00 per gram $45.60
Direct labor 0.1 hours $16.00 per hour $1.60
Variable overhead 0.1 hours $6.00 per hour $0.60

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

Originally budgeted output 5,400 units
Actual output 5,500 units
Raw materials used in production 39,200 grams
Purchases of raw materials 44,100 grams
Actual direct labor-hours 510 hours
Actual cost of raw materials purchases $260,190
Actual direct labor cost $7,803
Actual variable overhead cost $2,754

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:

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