Pardoe, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of prodict: - The company produced 3,000 units during the month. - A total of 8,000 pounds of material were purchased at a cost of $23,000. - There was no beginning inventory of materials on hand to start the month; at the end of the month, 2.000 pounds of material remained in the warehouse. - During March, 1,600 direchabor-hours were worked at a rate of $6,50 per hour. - Variable manufacturing overhead costs during March totaled $1,800. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for March is: $1,000U$1,000F