Alpha Company manufactures and sells Product P$.$ The actual results for the first week in January are as follows:

Line Item Description Units and Cost

Actual production $25,000$ units of Product P

Actual quantity and cost of raw material Q $95,500$ pounds at $$0\mathrm{.}85$

Actual cost of labor $500$ hours at $$6\mathrm{.}75$

Standard quantity of raw material $3\mathrm{.}00$ pounds per unit of Product P

Standard price of raw material Q $$0\mathrm{.}77$

Calculate the material price variance for Product P for the first week in January.

a$.$ $$7,640$ U

b$.$ $$15,785$ F

c$.$ $$15,785$ U

d$.$ $$7,640$ F