Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows:

Direct material of 4.00 yards at $5.80 per yard

Direct labor of 2.50 hours at $20.00 per hour

Overhead applied per sleeping bag at $17.00

In the month of April, the company actually produced 5,200 sleeping bags using 23,300 yards of material at a cost of $5.50 per yard. The labor used was 11,700 hours at an average rate of $20.50 per hour. The actual overhead spending was $96,200.

What is the amount of the total material variance and is it Favorable (F) or Unfavorable (U)?