Majer Corporation makes a product with the following standard costs:

Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit

Direct materials $3\mathrm{.}0$ ounces $ $9\mathrm{.}50$ per ounce $ $28\mathrm{.}50$

Direct labor $0\mathrm{.}7$ hours $ $15\mathrm{.}50$ per hour $ $10\mathrm{.}85$

Variable overhead $0\mathrm{.}7$ hours $ $8\mathrm{.}00$ per hour $ $5\mathrm{.}60$

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

Originally budgeted output $9,200$ units

Actual output $9,000$ units

Raw materials used in production $26,680$ ounces

Actual direct labor$-$hours $6,500$ hours

Purchases of raw materials $28,280$ ounces

Actual price of raw materials $ $9\mathrm{.}25$ per ounce

Actual direct labor rate $ $14\mathrm{.}85$ per hour

Actual variable overhead rate $ $7\mathrm{.}10$ 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

$$9,710$ U

$$9,710$ F

$$7,070$ F

$$7,070$ U