Tharaldson Corporation makes a product with the following standard costs:

The company reported the following results concerning this product in June.

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 quantity variance for June is:

Standard Standard Standard Price or Quantity Cost Per or Unit Hours Rate Direct materials $ 7.00 per ounce $51.80 7.4 ounces Direct labor 0.8 hours $ 18.00 per hour $ 7.00 per hour $14.40 Variable overhead 0.8 hours 5.60 Originally budgeted output Actual output 2,800 units 2,400 units Raw materials used in production 19,000 ounces Purchases of raw materials 22,300 ounces Actual direct labor-hours 4,400 hours Actual cost of raw materials purchases $ 41,300 Actual direct labor cost 12,800 $ 3,400 Actual variable overhead cost Multiple Cholce $2.297 F $8,680 U $2.297 U $8,680 F