Gilder Corporation makes a product with the following standard costs:

	Standard Quantity or Hours		Standard Price or Rate				Standard Cost Per Unit
Direct materials	6.00	grams	$4.00	per gram			$24.00
Direct labor	0.15	hours	$10.00	per hour			$ 1.50
Variable overhead	0.15	hours	$ 3.00	per hour			$ 0.45

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

Originally budgeted output	3,000	units
Actual output	3,060	units
Raw materials used in production	17,836	grams
Purchases of raw materials	20,336	grams
Actual direct labor-hours	410	hours
Actual cost of raw materials purchases	$77,280
Actual direct labor cost	$3,809
Actual variable overhead cost	$769

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: