ha raldson Corporation makes a product with the following standard costs: Standard Quantity or Standard Cost Hours Standard Price or Rate Per Unit Direct materials 2.4 ounces 5 2.00 per ounce $ 14.80 Direct labor 0.8 hours 5 13.00 per hour 3 14.40 Variable overhead 0.8 hours $ 100 per hour $ 5.60 he company reported the following results concerning this product in June. Originally budgeted output 2,800 units Actual output 2,400 units Raw materials used in production 20,600 ounces Purchases of raw materials 21,200 ounces Actual direct labor-hours 4,400 hours Actual cost of raw materials purchases S 42,200 Actual direct labor cost $ 12.800 Actual variable overhead cost 5 3,400 he company applies variable overhead on the basis of direct labor-hours, The direct materials purchases variance is computed when the materials are purchased. he materials price variance for June is: Multiple Choice 0 $1,953 U $1,953 F $1,200 U $1,200 F 000