Bailey Corporation manufactures orange safety suits for road workers. The following information relates to the corporation's purchases and use of material for April: The company's materials price variance for April was $3,000 Favorable. Its materials quantity variance for Apri was \$5,000 Favorable. What does the company use as a standard price per yard of material for its safety suits $5.75 56.75 $6.25 Cannot be determined from the information given. $6.00 $6.50