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.

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 Standard Price or Inputs of Output 5.0 grams Rate Direct materials $ 7.00 per gram Direct labor 0.30 hours $21.30 per hour $ 9.60 per hour Variable manufacturing overhead 0.30 hours The company has reported the following actual results for the product for June Actual output 8,500 units Raw materials purchased 48,100 grams $7.70 per gram Actual price of raw materials Raw materials used in production 42,490 grams Actual direct labor-hours 2,300 hours Actual direct labor rate 21.70 per hour $ 9.80 per hour Actual variable overhead rate The raw materials price variance for the month is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $33,670 U $29,743 U $29,743 F $33,670 F