Oddo Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 4.0 ounces $7.60 per ounce $30.40 Direct labor 0.6 hours $21.00 per hour $12.60 Variable overhead 0.6 hours $7.00 per hour $4.20 The company reported the following results concerning this product in December. Originally budgeted output 4,460 units Actual output 4,260 units Raw materials used in production 17,410 ounces Actual direct labor-hours 2,926 hours Purchases of raw materials 19,150 ounces Actual price of raw materials $7.40 per ounce Actual direct labor rate $18.90 per hour Actual variable overhead rate $7.20 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 December is: $2,812 U $2,738 F $2,812 F $2,738 U