Kibodeaux Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Inputs Direct materials 9.3 liters $8.00 per liter $74.40 Direct labor 0.1 hours $19.00 per hour $1.90 Variable overhead 0.1 hours $3.00 per hour $.30 The company budgeted for production of 2,900 units in June, but actual production was 3,000 units. The company used 27,600 liters of direct material and 255 direct labor-hours to produce this output. The company purchased 29,600 liters of the direct material at $7.90 per liter. The actual direct labor rate was $19.60 per hour and the actual variable overhead rate was $2.70 per hour. 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 quantity variance for June is:

Kibodeaux Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Inputs Direct materials 9.3 liters $74.40 Direct labor 0.1 hours $1.90 $8.00 per liter $19.00 per hour $3.00 per hour Variable overhead 0.1 hours $.30 The company budgeted for production of 2,900 units in June, but actual production was 3,000 units. The company used 27,600 liters of direct material and 255 direct labor- hours to produce this output. The company purchased 29,600 liters of the direct material at $7.90 per liter. The actual direct labor rate was $19.60 per hour and the actual variable overhead rate was $2.70 per hour. 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 quantity variance for June is: Multiple Choice O $930 U $2,400 u o $930F $930 F 0 $2,400 F