Turrubiates Corporation makes a product that uses a material with the following standards: Standard quantity Standard price Standard cost 6.5 liters per unit $1.00 per liter $6.50 per unit The company budgeted for production of 2,300 units in April, but actual production was 2,400 units. The company used 16,410 liters of direct material to produce this output. The company purchased 18,600 liters of the direct material at $1.10 per liter. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for April is: Multiple Choice $1,860 U $1,860 F $1,560 U $1,560 F Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 5.2 ounces Direct materials Direct labor Variable overhead Standard Cost Standard Price or Rate Per Unit 0.3 hours $ 3.00 per ounce $ 14.00 per hour $ 15.60 $ 4.20 0.3 hours $5.00 per hour $ 1.50 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 4,400 units 4,600 units 25,000 ounces 21,900 ounces Actual direct labor-hours 580 hours Actual cost of raw materials purchases $ 39,500 Actual direct labor cost $ 14,400 Actual variable overhead cost $ 4,100 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 variable overhead rate variance for June is: Multiple Choice $1,212 U $1,212 F $1,200 F $1,200 U