Marigold Company has developed the following standards for one of its products.

Direct materials:	10 pounds $12 per pound
Direct labor:	4 hours $20 per hour
Variable overhead:	5 hours $10 per hour

The following activity occurred during the month of October:

Materials purchased:	10,000 pounds costing $150,000
Materials used:	6,000 pounds
Units produced:	500 units
Direct labor:	2,300 hours at $23.60/hour

The company records materials price variances at the time of purchase. The direct materials price variance is:

	a.	$41,000 F.
	b.	$53,000 U.
	c.	$30,000 U.
	d.	$12,000 F.