4. Red Lily management is analyzing the company's standard cost variances for direct materials for the most recent period. The following information was available from company records. Actual quantity of materials used Budgeted quantity of materials used Actual price paid for materials Budgeted price paid for materials + 24,000 units 22,000 units RM4 per unit RM5 per unit There were no increases or decreases in inventories during the period. What was the materials price variance for the period? A) RM2,000 (F) B) RM22,000 (F) C) RM22,000 (U) D) RM24,000 (F)