Globex Manufacturing Company uses a standard cost system. In October the company produced 2,100 units of product LMP161.

They have the following is information available:

Standard:	-
Material	2 pounds per unit @ $5.75 per pound
Labor	3 direct labor hours per unit @ $10.00 per hour
-	-
Actual:	-
Material	4,100 pounds purchased and used @ $5.90 per pound
Labor	6,300 direct labor hours at $9.75 per hour

What is the material price variance?

Group of answer choices

$637.50 F

$615.00 U

$630.00 U

$600.00 F