Lowell Medical manufactures medical equipment. Standard and actual data regarding one of the company's products are provided below.

• Standard quantity of materials: 5.80 feet per product
• Standard price of materials: $10.50 per foot
• Actual production: 410 products
• Actual materials used: 2,340 feet
• Actual total materials costs incurred: $24,050

Compute the materials price variance.

		$520 Unfavorable
		$520 Favorable
		$399 Unfavorable
		$399 Favorable