The following information is for the Buckeye Co.

Cost standards for one unit of product no. BB1:
Direct material 3 pounds at $2.40 per pound	$7.20
Direct labor 7 hours at $7.70 per hour	53.90
Actual results:
Units produced 5,800 units
Direct material purchased 26,800 pounds at $2.60	$69,680
Direct material used 17,100 pounds at $2.60	44,460
Direct labor 40,900 hours at $7.50	306,750

Assume that the company computes variances at the earliest point in time. The direct material price variance is:

Group of answer choices

5,360 U

5,160 U

5,360 F

5,160 F