Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Standard Cost Direct materials Direct labor Variable overhead Hours 7.6 ounces 0.7 hours 0.7 hours Standard Price or Rate Per Unit $ 4.00 per ounce $ 10.00 per hour $ 30.40 $ 7.00 $9.00 per hour $ 6.30 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 cost of raw materials purchases Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 3,000 units 2,600 units 20,000 ounces 22, 500 ounces 3,500 hours $ 41,500 $ 13,000 $ 3,500 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 Next >