Assume that the standard cost to make one unit of product includes 12 units of raw materials at a price of $2 per unit. In August, 11,700 units of raw materials were used to produce 1,000 units of finished products. The raw materials were purchased at $3 per unit. What is the materials price variance?

Group of answer choices

$300 (U)

$300 (F)

$11,700 (U)

$11,700 (F)