The following data relate to product no. 89 of Des Moines Corporation: Direct material standard: 3 square feet at $2.50 per square foot Direct material purchased: 30,000 square feet at $2.60 per square foot Direct material consumed: 29,200 square feet Manufacturing activity: 9,600 units completed Assume that the company computes variances at the earliest point in time. The direct-material purchase price variance is:

rev: 11_12_2015_QC_CS-33148

$2,880U.

$2,920F.

$2,920U.

$3,000F.

$3,000U.

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