Gilder Corporation makes a product with the following standard costs:

Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials6.40grams$8.00per gram$51.20Direct labor0.35hours$14.00per hour$4.90Variable overhead0.35hours$7.00per hour$2.45

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

Originally budgeted output3,400unitsActual output3,540unitsRaw materials used in production20,524gramsPurchases of raw materials23,424gramsActual direct labor-hours1,040hoursActual cost of raw materials purchases$173,340Actual direct labor cost$13,780Actual variable overhead cost$6,553

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:

rev: 11_26_2016_QC_CS-71059

$16,796 F

$17,056 F

$17,056 U

$140 U