Gilder Corporation makes a product with the following standard costs: Standard Price or Rate Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.20 grams 0.25 hours 0.25 hours $6.00 per gram $12.00 per hour $ 5.00 per hour Standard Cost Per Unit $37.20 $ 3.00 $ 1.25 The company reported the following results concerning this product in June: Originally budgeted 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 3,200 units 3,300 units 19,180 grams 21,880 grams 710 hours $122,530 $8,002 $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 U $8,520 U $8,750 F $8,520 F Gilder Corporation makes a product with the following standard costs: Standard Price or Rate Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.40 grams 0.35 hours 0.35 hours $8.00 per gram $14.00 per hour $ 7.00 per hour Standard Cost Per Unit $51.20 $ 4.90 $ 2.45 The company reported the following results concerning this product in June: Originally budgeted 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 3,400 units 3,540 units 20,524 grams 23,424 grams 1,040 hours $173,340 $13,780 $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 labor efficiency variance for June is: $2,758 F $2,758 U $140 U $2,786 F