Pippin Incorporated 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.

Inputs	Standard Quantity or Hours per Unit of Output		Standard Price or Rate
Direct materials	5.0	grams	$ 7.00	per gram
Direct labor	0.30	hours	$21.30	per hour
Variable manufacturing overhead	0.30	hours	$ 9.60	per hour

The company has reported the following actual results for the product for June:

Actual output	8,500	units
Raw materials purchased	48,100	grams
Actual price of raw materials	$ 7.70	per gram
Raw materials used in production	42,490	grams
Actual direct labor-hours	2,300	hours
Actual direct labor rate	$21.70	per hour
Actual variable overhead rate	$ 9.80	per hour

The raw materials price variance for the month is closest to:

Multiple Choice

• $33,670 U

• $29,743 F

• $29,743 U

• $33,670 F