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Tharaldson Corporation makes a product with the following standard costs:

Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials6.2ounces$3.00per ounce$18.60Direct labor0.7hours$10.00per hour$7.00Variable overhead0.7hours$7.00per hour$4.90

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

Originally budgeted output3,400unitsActual output2,800unitsRaw materials used in production21,200ouncesPurchases of raw materials22,300ouncesActual direct labor-hours4,500hoursActual cost of raw materials purchases$42,100Actual direct labor cost$13,400Actual variable overhead cost$3,700

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:

Multiple Choice

• $24,800 F
• $24,800 U
• $2,007 F
• $2,007 U

The company applies variable overhead on the basis of direct laborihours. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for June is: Mu Iliple Choice 0 $24,800 F $24,800 U $2,007 U O 0 $2007 F O Tharaldson Corporation makes a product with the following standard costs: Standard Quantity Standard Price or Standard Cost or Hours Rate Per Unit Direct materials 6.2 $ 3.66 per $ 18.66 ounces Ounce Direct labor 6.? hours $ 16.66 per hour $ 2.66 Variable overhead 6.? hours $ 166 per hour $ 4.96 The company reported the following resutts concerning this product in June. Originally budgeted output 3,466 units Actual output 2,866 units Raw materials used in production 21,266 ounces Purchases of raw materials 22,366 ounces Actual direct labor-hours 4,566 hours Actual cost of raw materials purchases $ 42,166 Actual direct labor cost $ 13,466 Actual variable overhead cost $ 3,766 "he companyr applies variable overhead on the basis of direct laborhours. The direct materials purchases variance is computed when the materials are purchased. "he materials price variance for June is