Taany Company produces chairs. Standard costs for one unit of production are as follows:
Direct material	4	pounds	@	$5.00
Direct labor	1	hour	@	$10.00
Each unit needs	0.50	hour
Variable overhead	1	DLH	@	$6.00
Production in units		3,000
Material purchased in pounds		11,200	@	$4.80
Material used in pounds		12,200
Direct labor worked in machine hours		1,450	@	$10.10
Actual variable overhead incurred		$9,100.00
Find
Direct material price variance

	a.	$2,240
	b.	($2,240)
	c.	$2,040
	d.	($2,040)
	e.	0