Cheddar uses a standard cost system. For production in February, Cheddar had the following information: Standards: - Material 4.0 feet per unit @ $3.75 per foot Labor 3.0 hours per unit @ $8.25 per hour - - Actual: - Production 3,500 units produced during the month Material 14,700 feet purchased @ $3.70 per foot Labor 10,400 direct labor hours @ $8.35 per hour What is the material price variance (calculated at point of purchase)? (Round all answers to the nearest dollar.) Group of answer choices $ 710 U $ 735 F $ 735 U $ 710 F