Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Cost Per Standard Rate Unit Direct materials Direct labor Variable overhead Hours 5.7 ounces 0.8 hours 0.8 hours 2.00 per ounce 11.40 8.80 4.80 $11.00 per hour 6.00 per hour 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 materials purchases Actual direct labor cost Actual variable overhead cost 3,900 units 3,500 units 20,700 ounces 21,800 ounces 6,000 hours $42,600 $13,900 3,950 The company applies varlable overhead on the basis of direct labor-hours. The direct materlals purchases varlance is computed when the materlals are purchased. The materials price variance for June is: Multiple Choice $1,962 F $1,962 U $1,000 U $1,000 F