Tharaldson Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead i Standard Quantity or Hours 5.8 ounces 0.9 hours 0.9 hours Standard Price or Rate $3.00 per ounce $ 12.00 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 $5.00 per hour 3,800 units 3,400 units 20,800 ounces 21,900 ounces 6,500 hours $ 42,500 $ 13,800 $ 3,900 Standard Cost Per Unit $17.40 $10.80 $4.50 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: