The Porter Company has a standard cost system. In July the company purchased and used 22,300 pounds of direct material at an actual cost of $42,000; the materials quantity variance was $1,000 Unfavorable; and the standard quantity of materials allowed for July production was 21,800 pounds. The materials price variance for July was:

$2,600 F $1,600 U $2,600 U $1,600 F