Loden is a local dress shop that makes casual dresses in fun prints.Below is some actual vs. budget information for Loden's dresses for the month of May.Assume no beginning/ending inventories for simplicity.The cost-allocation base for both variable and fixed overhead is direct labor-hours.

Data for the Month of MayStaticActualBudget# Dresses made and sold2,6002,400Selling price per dress$39$40Yards of fabric per dress2.93Cost per yard of fabric$3.84$3.66Time in hours to sew one dress10.9Cost of direct labor (per hour)$14$15Variable overhead costs$3,500$3,000(utilities, sewing machine maintenance, etc.)Fixed overhead costs$4,900$4,800(store rent, insurance, etc.)

What is the price variance for direct labor?

a.$2,600 F

b.$2,340 F

c.$2,600 U

d.$2,340 U