Pippin Inc. has provided the following data concerning one of the products in its standard cost system Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Standard Quantity or Hours per Unit of Direct materials Direct labor Variable manufacturing overhead 5.0 grams 8.30 hours 8.38 hours $ 7.80 per gram 21.38 per hour 9.60 per hour The company has reported the following actual results for the product for June: 8,500 units Actual output Raw materials purchased Actual price of raw materials Raw materials used in production Actual direct labor-hours Actual direct labor rate Actual variable overhead rate 48,100 grans $ 7.78 per gram 42,490 grams 2,380 hours 21.78 per hour 5 9.88 per hour The raw materials price variance for the month is closest to