2pt Pericloud Company uses a standard costing system. The following information pertains to direc materials for July: Standard price per lb. $20.00 Actual purchase price per lb. $18.00 Quantity purchased 2,000 lbs. Quantity used 1,400 lbs. Standard quantity allowed for actual output 1,450 lbs. Actual output 500 units Pericloud Company reports its material price variances at the time of purchase. What is the material usage variance for Pericloud Company? O $2,450 F 57.850 U $1.900 U $1,000 F