250 units 190 units Actual quantity purchased Actual quantity used Standard quantity for units produced Actual price paid 110 units $6 per unit $10 per unit Standard price Ace Company has a manufacturing facility in Brooklyn that manufactures robotic equipment for the auto industry. For Year 1, Ace collected the following information from its main production line: (Click the icon to view the data.) Ace isolates price variances at the time of purchase. What is the materials price variance for Year 1? 01. $760 unfavorable 2. $760 favorable 3. $1,000 favorable 4. $1,000 unfavorable