Gilder Corporation makes a product with the following standard costs: Standard Price or Rate Standard Cost Per Unit Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.50 grams 0.40 hours 0.40 hours $9.00 per gram $15.00 per hour $ 8.00 per hour $58.50 $ 6.00 $ 3.20 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 3,500 units 3,660 units 21,196 grams 24,196 grams 1,220 hours $200,830 $17,373 $9,154 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: 0 $16,934 U 0 0 $16,704 U $16,704 F 0 $16,934 F