The following data relate to product no. 89 of Mansion Corporation: Direct material standard: 3 square feet at $2.90 per square foot Direct material purchased: 29,000 square feet at $3.20 per square foot Direct material consumed: 28,000 square feet Manufacturing activity: 9,200 units completed Assume that the company computes variances at the earliest point in time, The direct-material price variance is: Multiple Choice $8,70. $8,500. $8,40. O $8,400F. $8700F