Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Direct materials Direct labor Variable overhead Hours 5.9 ounces Standard Price or Rate $ 2.00 per ounce Standard Cost Per Unit $ 11.80 0.8 hours $ 10.00 per hour $ 8.00 0.8 hours $ 4.00 per hour $ 3.20 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 3,700 units 3,300 units 20,900 ounces 22,000 ounces 5,500 hours $ 42,400 $ 13,700 $ 3,850 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is 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: $1,600 F $1,600 U $1,980 F $1,980