Tharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 7.6 ounces 0.7 hours * 0.7 hours Standard Standard Price or Cost Per Rate Unit $ 4.00 per ounce $30.40 $10.00 per hour $ 7.00 $ 9.00 per hour $ 6.30 The company reported the following results concerning this product in June. Original noted output Originally budgeted output Actual butput 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 3,000 unita 2,600 units 18,000 ounces 19,000 ounces 3,500 hours $ 45,000 $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 price variance for June is