201 25 point Elementary's is a local clothing shop that makes a variety of soft, colorful t shirt styles for kids. Below is some actual vs budget information for Elementary's t-shirts for the month of December. Assume no beginning ending inventories for simplicity Data for the Month of December T-shirts made and sold Selling price per t shirt Yards of fabric pert-shirt Cost per yard of fabric Time in hours to sew one shirt Cost of direct labor per hour Variable overhead costs Rutes sewing machine maintenance etc) Fived overhead costs torcentrance of Static Actual Budget 2,500 3250 $9 $10 11.1 12 $1.30 $1.65 15 04 $15 $16 153200 57000 $4,800.4.900 What is the price variance for direct materials $187.500 $48.50 $577.500 5577.50