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Denmark Corporations variance report for the purchasing department reports 1,000 units of material A purchased and 2,400 units of material B purchased. It also reports

Denmark Corporations variance report for the purchasing department reports 1,000 units of material A purchased and 2,400 units of material B purchased. It also reports standard prices of $2 for Material A and $3 for Material B. Actual prices reported are $2.10 for Material A and $2.80 for Material B. Denmark should report a total price variance of

$340 U.
$380 U.
$380 F.
$340 F.

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