Gilder Corporation makes a product with the following standard costs:

Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.20 grams $6.00 per gram $37.20 Direct labor 0.25 hours $12.00 per hour $ 3.00 Variable overhead 0.25 hours $ 5.00 per hour $ 1.25

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

Originally budgeted output 3,200 units Actual output 3,300 units Raw materials used in production 19,180 grams Purchases of raw materials 21,880 grams Actual direct labor-hours 710 hours Actual cost of raw materials purchases $122,530 Actual direct labor cost $8,002 Actual variable overhead cost $2,809

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:

$8,750 F

$8,750 U

$8,520 U

$8,520 F