Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per Unit Direct materials 6.7ounces$4.00per ounce$26.80 Direct labor 0.8hours$11.00per hour$8.80 Variable overhead 0.8hours$6.00per hour$4.80 The company reported the following results concerning this product in June. Originally budgeted output 2,100units Actual output 2,600units Raw materials used in production 19,500ounces Purchases of raw materials 21,600ounces Actual direct labor-hours 4,700hours Actual cost of raw materials purchases$40,600 Actual direct labor cost$12,100 Actual variable overhead cost$3,050 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 quantity variance for June is: