Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.1 grams $5.00 per gram $25.50 Direct labor 1.4 hours $16.00 per hour $22.40 Variable overhead 1.4 hours $5.00 per hour $7.00 The company reported the following results concerning this product in June. Originally budgeted output 6,000 units Actual output 5,900 units Raw materials used in production 28,450 grams Purchases of raw materials 32,500 grams Actual direct labor-hours 5,200 hours Actual cost of raw materials purchases $165,750 Actual direct labor cost $87,880 Actual variable overhead cost $24,440 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: $3,250 U $2,864 F $2,864 U $3,250 F