Landram Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate
Direct materials	2.0 kilos	$7.00 per kilo
Direct labor	1.1 hours	$13.00 per hour
Variable overhead	1.1 hours	$7.00 per hour

In March the company produced 4,800 units using 10,290 kilos of the direct material and 2,270 direct labor-hours. During the month, the company purchased 10,860 kilos of the direct material at a cost of $76,740. The actual direct labor cost was $38,239 and the actual variable overhead cost was $11,940.

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 March is:

A) $580 U

B) $720 F

C) $720 U

D) $580 F