The standard cost card for one of Northern Illinois products is given below: Standard Quantity Standard Price Standard Cost/Unit Direct materials 6.5 ounces $2.00 per ounce $13.00 Direct labor 0.2 hours $23.00 per hour $4.60 Variable overhead 0.2 hours $6.00 per hour $1.20 The company reported the following results concerning this product line in June. 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 Actual cost of raw materials purchases $40,660 Actual direct labor cost $12,050 The company applies variable overhead based on direct labor hours. The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for June? The standard cost card for one of Northern Illinois products is given below: Standard Quantity Standard Price Standard Cost/Unit Direct materials 6.5 ounces $2.00 per ounce $13.00 Direct labor 0.2 hours $23.00 per hour $4.60 Variable overhead 0.2 hours $6.00 per hour $1.20 The company reported the following results concerning this product line in June. 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 Actual cost of raw materials purchases $40,660 Actual direct labor cost $12,050 The company applies variable overhead based on direct labor hours. The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for June? $2,242 U $2,360 F $2,242 F $2,360 U