Standard Price or Rate Standard Cost Per Unit Direct materials Direct labor Variable overhead Standard Quantity of Hours 720 grams 0.30 hours 0.30 hours $400 per gram $22.00 per hour $9.00 per hour $2880 $6,00 $ 270 The company reported the following results concerning this product in June Originally budgeted output Actual output Row materials used in production Purchases of raw materials Actual direct voor hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 4200 4320 units 20.644 gram 33.344 gram 1100 hours $110.000 $23.287 $8.544 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materia are purchased The materials price variance for June $23.105 F 5231000 O $23.236 523.336F