Oddo Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate	Standard Cost Per Unit
Direct materials	2.0 ounces	$13.00 per ounce	$26.00
Direct labor	0.8 hours	$19.00 per hour	$15.20
Variable overhead	0.8 hours	$11.50 per hour	$9.20

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

Originally budgeted output	12,000	units
Actual output	11,800	units
Raw materials used in production	18,000	ounces
Actual direct labor-hours	9,640	hours
Purchases of raw materials	19,600	ounces
Actual price of raw materials	12.75	per ounce
Actual direct labor rate	19.20	per hour
Actual variable overhead rate	10.70	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 December is:

$77,300 U

$77,300 F

$4,900 F

$4,900 U