Landram Corporation makes a product with the following standard costs:

Inputs	Standard Quantity or Hours	Standard Price or Rate
Direct materials	2.0 kilos	$7.00 per kilo
Direct labor	1.1 hours	$19.00 per hour
Variable overhead	1.1 hours	$7.00 per hour

In March the company produced 4,800 units using 10,170 kilos of the direct material and 2,150 direct labor-hours. During the month, the company purchased 10,740 kilos of the direct material at a cost of $76,620. The actual direct labor cost was $38,251 and the actual variable overhead cost was $11,952.

The company applies variable overhead on the basis of direct labor-hours. The direct materials price variance is computed when the materials are purchased.

The materials price variance for March is: (Do not round intermediate calculations.)

	$1,440 F
	$1,440 U
	$1,300 U
	$1,300 F