Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:

Direct material: 5 pounds at $9 per pound	$	45
Direct labor: 3 hours at $14 per hour		42
Variable overhead: 3 hours at $8 per hour		24
Total standard variable cost per unit	$	111

The company also established the following cost formulas for its selling expenses:

	Fixed Cost per Month			Variable Cost per Unit Sold
Advertising	$	340,000
Sales salaries and commissions	$	240,000		$	12.00
Shipping expenses				$	3.00

The planning budget for March was based on producing and selling 28,000 units. However, during March the company actually produced and sold 34,000 units and incurred the following costs:

a.	Purchased 180,000 pounds of raw materials at a cost of $8.5 per pound. All of this material was used in production.
b.	Direct-laborers worked 69,000 hours at a rate of $15 per hour.
c.	Total variable manufacturing overhead for the month was $565,200.
d.	Total advertising, sales salaries and commissions, and shipping expenses were $352,000, $640,000, and $129,000, respectively.

Required:

If Preble had purchased 184,000 pounds of materials at $8.5 per pound and used 180,000 pounds in production, what would be the materials price variance for March? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.).)

Materials price variance

$

(Click to select)NoneFU