The following materials standards have been established for raw material used in the company's sole product:

	Standard quantity per unit of output..........	0.5 pound
	Standard price............................................	$16.60 per pound

The following data pertain to operations concerning the product for the last month:

	Actual cost of materials.............................	$34,650
	Actual materials used in production..........	1,900 pounds
	Actual output.............................................	4,200 units

What is the materials price variance for the month?

Group of answer choices

$3,110 U

$3,320 F

$6,430 F

$3,320 U

$3,110 F