Standard Quantity or Hours 5.7 ounces 0.8 hours 0.8 hours Standard Standard Price or Cost Per Rate Unit $ 2.00 per ounce $11.40 $11.00 per hour $ 8.80 $ 6.00 per hour $ 4.80 Direct materials Direct labor Variable overhead -29 The company reported the following results concerning this product in June Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materiale purchases Actual direct labor cost Actual variable overhead cost 3,900 units 3,500 units 22,500 ounces 23,000 ounces 6,000 hours $ 42,600 $ 13,900 $ 3,950 The company applies variable overhead on the basis of direct labor hours. The direct materiais purchases variance is computed when the materials are purchased The materials price variance for June is: 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 price variance for June is Multiple Choice $2,070 F $3,400 U $2.070 0 $3,400 F