The Holiday restaurant budgeted 3,600 covers to be served in December, and the budgeted price per cover was $11.

The variance analysis shows that the company's actual revenue was $35,000, and actual number of covers sold was 3,500 covers in December.

Given this information, determine the price variance in December. Is it favorable (F) or unfavorable (U)?

-$3600 (U)

$3000 (F)

-$3,500(U)

$3200 (F)