Majer Corporation makes a product with the following standard costs:

	Standard Quantity or Hours			Standard Price or Rate			Standard Cost Per Unit
Direct materials		3.0	ounces	$	13.50	per ounce	$	40.50
Direct labor		0.6	hours	$	19.50	per hour	$	11.70
Variable overhead		0.6	hours	$	12.00	per hour	$	7.20

The company reported the following results concerning this product in February.

Originally budgeted output		12,400	units
Actual output		12,200	units
Raw materials used in production		35,960	ounces
Actual direct labor-hours		7,520	hours
Purchases of raw materials		37,560	ounces
Actual price of raw materials	$	13.25	per ounce
Actual direct labor rate	$	15.70	per hour
Actual variable overhead rate	$	8.70	per hour

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 February is:

Multiple Choice

$17,630 U

$17,630 F

$9,390 F

$9,390 U