In June, Blossom Manufacturing purchased 8300 gallons of blue dye used to produce stone-washed denim clothing. The price per gallon was $1.24 and the company used 7700 gallons of the dye during the month. The standard price for the dye is $1.27. What is the materials price variance for Blossom for June?

$249 unfavorable

$231 favorable

$249 favorable

$231 unfavorable