TB MC Qu$.10-119($Algo$)$ Milar Corporation makes a product with $...$

Milar Corporation makes a product with the following standard costs:

$\backslash$table$[[,\backslash$table$[[$Standard$],[$Quantity or$],[$Hours$]],\backslash$table$[[$Standard Price or$],[$Rate$]]],[$Direct materials,$2\mathrm{.}0$ pounds,$$7\mathrm{.}00$ per pound$],[$Direct labor,$1\mathrm{.}0$ hours,$$18\mathrm{.}00$ per hour$],[$Variable overhead,$1\mathrm{.}0$ hours,$$2\mathrm{.}00$ per hour$]]$

The actuat direct labor cost was $$38,252$ and the actual variable overhead cost was $$11,953.$

The company applies variable overhead on the basis of direct labor$-$hours. The direct materials purchases varlance is computed when the materials are purchased.

The materials price variance for January is:

Multiple Choice

$$1,360U$

$$1,360F$

$$1,500F$

$$1,500U$