Handerson Corporation makes a product with the following standard costs: Standard Quantity or Hours 8.5 kilos Standard Price or Rate $ 6.00 per kilo Direct materials Direct labor 0.4 hours $20.00 per hour $ 6.00 per hour Variable overhead 0.4 hours The company reported the following results concerning this product in August. Actual output 3,200 units Raw materials used in production 29,030 kilos 31,600 kilos Purchases of raw materials Actual direct labor-hours 1,160 hours Actual cost of raw materials purchases $195,920 $ 22,736 $ 7,540 Actual direct labor cost Actual variable overhead cost The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for August is: Multiple Cholce $6,320 U $5,440 U $6,320 F $5,440 F