The following information pertains to the Farber Co.

Cost standards for one unit of product no. C77:
Direct material 3 pounds at $2.80 per pound	$8.40
Direct labor 5 hours at $7.50 per hour	37.50
Actual results:
Units produced 8,200 units
Direct material purchased 27,200 pounds at $3.00	$81,600
Direct material used 24,300 pounds at $3.00	72,900
Direct labor 41,300 hours at $7.30	301,490

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

Group of answer choices

5,240 F

5,240 U

5,440 F

5,440 U