Theraldson Corporation makes a product with the following standard costs Standard Quantity or Standard Price or Cost Per Standard Hours 6.5 ounce 0.2 hour 0.2 hours Rate $2.00 per ounce $23.00 per hour Unit Direct materials Direct labor Variable overhead $13.00 S 4.60 $ 6.00 per hour 1.20 The compeny reported the following resuits concerning this product in June. Originally budgeted output Actual output Raw naterials used in production Purchases of raw naterials Actual direct labor-hours Actual eost of raw naterials purchases Actual diret labor cost Actual variable overhead cost 2,700 units 2,800 units 19,380 ounces 21,400 ounces 500 hour $40,660 12,050 $3,100 The company applies variable overhead on the basis of direct labor-hours. The direct materias purchases variance is computed when the materials are purchased The materials price variance for June is Multiple Choice $2140 u 2140 F $1820 U $1820 F