ABC Company makes a product that uses a material with the following direct material standards: Standard quantity Standard price 3.8 pounds per unit $4.00 per pound The company produced 7,300 units in November using 28,710 pounds of the material. During the month, the company purchased 30,800 pounds of the direct material at a total cost of $117,040. The direct materials price variance for November is: O $5,548 F O $6,160 F O $6,160 U $5,548 U