The standard price of materials is $4.8 per pound and the standard quantity allowed for actual output is 5,260 pounds. If the actual quantity purchased and used was 5,640 pounds, and the actual price per pound was $3.4, the direct materials quantity variance is Indicate whether the variance is F (favorable) or U (Unfavorable) by placing the letter next to the amount. For example, if your answer is 1,000 Favorable, answer 1000F. Do not use a space between the amount and the letter. Show your answer as an absolute number (no negative signs)