MC Qu. 58 Hurren Corporation makes a product with the following standard costs: Hurren Corporation makes a product with the following standard costs: Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 3.8 grams $4.00 per gram $15.20 Direct labor 1.3 hours $13.00 per hour $16.90 Variable overhead 1.3 hours $4.00 per hour 5.20 The company reported the following results concerning this product in June. Originally budgeted output 7,700 units Actual output 7,600 units Raw materials used in production 28,320 grams Actual direct labor-hours 3,900 hours Purchases of raw materials 31,200 grams Actual price of raw materials purchased $4.10 per gram Actual direct labor rate $13.90 per hour Actual variable overhead rate $3.70 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials price variance is computed when the materials are purchased. The materials price variance for June is: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $3,120 F $2,848 U $3,120 U $2,848 F