Tharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.6 ounces 0.8 hours 0.8 hours Standard Standard Price or Cost Per Rate Unit $ 3.00 per ounce $19.80 $10.00 per hour $ 8.00 $ 5.00 per hour $ 4.00 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 2,000 units 2,500 units 19,000 ounces 20,000 ounces 4,900 hours $ 40,000 $ 12,000 $ 3,000 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: The materials price variance for June is: Multiple Choice O $1,800 U O $20,000 U O $1,800 F $20,000 F