The standards to produce one unit of FaEzzy are shown below. Quantity Price Per unit Direct material (in ounces) 0.5 $2.00 $1.00 Direct labor 3 $16.00 $48.00 Manufacturing overhead (apply on machine hours) 8 $0.75 $6.00 Total standard cost per unit $55.00 The company actually produced 10,000 units. Actual direct material purchased and used was 4,900 ounces at a total cost of $10,780. What is the direct materials price variance? $5,880 U O $980 U $5,880 F O $980 F