Beakins Corporation produces a single product. The standard cost card for the product follows:

Direct materials (4 yards $5 per yard)	$20
Direct labor (1.5 hours $10 per hour)	$15
Variable manufacturing overhead (1.5 hours $4 per hour)	$6

During a recent period the company produced 1,200 units of product. Various costs associated with the production of these units are given below:

Direct Materials purchased (6,000 yards)	$28,000
Direct Materials used in production	5,000	Yards
Direct labor cost incurred (2,100 hours)	$17,850
Variable manufacturing overhead cost incurred	$10,080

The company records all variances at the earliest possible point in time. Variable manufacturing overhead costs are applied to products on the basis of standard direct labor-hours.

The materials price variance for the period is:

$1,250 F

$1,500 F

$1,250 U

$1,500 U