The new life consumer products makes a number of consumer items for general household use. during a recent month the company manufactured 4,000 chopping blocks using 11,000 feet of hardwood. the hardwood cost the company $18,700 when purchased. according to the product's standard cost card, each chopping block requires 2.5 feet of hardwood at a standard price of $1.80 per foot. assuming that the company recognizes the material price variance when the material is used in production, what was the total material cost variance for the 4,000 chopping blocks produced? choose the answer below that best matches your calculation.