A company makes a product using two materials, one of which is interchangeable with a third material. The standards for producing one 200-pound batch are presented below. The last 200-pound batch was produced using 140 pounds of M and 90 pounds of O. The price of M was $0.03 per pound and the actual price of O was $0.10 Standard Quantity Standard Cost Material (pounds) per pound Total Cost 0 $ 0.10 $ 0 H 80 9.08 6.40 120 0.02 2.40 200 $8.80 What is the materials mix variance? Multiple Choice O $168 $3.00 $132 SOR