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Pippin Incorporated has provided the following data conceming one of the products In na standard cost system. Vanable manufacturing overhead is oppbed to products on the basis of direct labor-hours Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 5.0 grams 0.30 hours 0.30 hours Standard Price or Rate $ 3.00 per gran $21.30 per hour 59.60 per hour The company has reported the following actual results for the product for June: 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 8,500 units 48, 100 grams $ 7.70 per gram 42 499 grams 2, 300 hours $21-70 per hour $ 9.00 per hour The raw materials price variance for the month is closest to Multiple Choice $33,670