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 May
		Static
	Actual	Budget
# Dresses made and sold	2,600	2,400
Selling price per dress	$39	$40
Yards of fabric per dress	2.9	3
Cost per yard of fabric	$3.84	$3.66
Time in hours to sew one dress	1	0.9
Cost of direct labor (per hour)	$14	$15
Variable 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