Kartman Corporation makes a product with the following standard costs: Standard Quantity or Hours 6.5 pounds 0.6 hours 0.6 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $45.50 $14.40 $ 2.40 Standard Price or Rate $ 7.00 per pound $ 24.00 per hour $ 4.00 per hour In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931. 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