Tharaldson Corporation makes a product with the following standard costs:

$\backslash$table$[[,\backslash$table$[[$Standard$],[$Quantity or$],[$Hours$]],$Standard Price or Rate,Standard Cost$],[$Per Unit,,,$]]$

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

$\backslash$table$[[$Originally budgeted output,$2,700$ units$],[$Actual output,$2,800$ units$],[$Raw materials used in production,$19,380$ ounces$],[$Purchases of raw materials,$21,400$ ounces$],[$Actual direct labor$-$hours,$500$ hours$],[$Actual cost of raw materials purchases,$$40,660$