Casivant Corporation makes a product that uses a material with the following direct material standards:

Standard quantity

$3\mathrm{.}8$

pounds per unit

Standard price

$$4\mathrm{.}00$

per pound

The company produced $7,300$ units in November using $28,710$ pounds of the material. During the month, the company purchased $30,800$ pounds of the direct material at a total cost of $$117,040.$ The direct materials purchases variance is computed when the materials are purchased.

The materials price variance for November is:

$($Ch $1-$LO $1)$

Question $1$ options:

$$5,548$ U

$$6,160$ U

$$5,548$ F

$$6,160$ F