MC Qu. 298 Gilder Corporation makes a Gilder Corporation makes a product with the following standard costs Standard Quantity or Standard Price or Standard Cost Per Rate 7.6 grams $6.00 per gram 0.1 hours$16.00 per hour 0.1 hours $6.00 per hour Unit $45.60 $1.60 $0.60 Hours Direct materials Direct labor Variable overhead The company reported the following results concerning this product in June. 5,400 units 5,500 units 39,200 grams 44,100 grams 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 510 hours $260,190 $7,803 $2,754 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materla's are purchased. The materials price variance for June is: O $4,410 F O $4,410 U O $4,180 U O $4,180 F