Milar Corporation makes a product with the following standard costs: In January the company produced 4,700 units using 10,230 pounds of the direct material and 2,210 direct labor-hours. During the month, the company purchased 10,800 pounds of the direct material at a cost of $76,680. The actual direct labor cost was $38,233 and the actual variable overhead cost was $11,934. 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 January is: Multiple Choice $940U $1,080F $1,080U $940F