Beakins Corporation produces a single product. The standard cost card for the product follows:

During a recent period the company produced 1,200 units of product. Various costs associated with the production of these units are given below: The company records all variances at the earliest possible point in time. Variable manufacturing overhead costs are applied to products on the basis of standard direct labor-hours. The materials price variance for the period is:

Direct materials (4 yards $5 per yard) Direct labor (1.5 hours $10 per hour) Variable manufacturing overhead (1.5 hrs $4 per hour) $20 $15 $6