Gipple Corporation makes a product that uses a material with the quantity standard of 8.7 grams per unit of output and the price standard of $7.40 per gram. In January the company produced 4,800 units using 26,270 grams of the direct material. During the month the company purchased 28,800 grams of the direct material at $7.60 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is: Multiple Choice $8,352 F $5,760 U $8,352 U $5,760 F