C-Cubed uses standards to control its costs. The direct materials and direct labor standards for one Fit-Right-Bike, which is made out of chromoly steel are given below Quantity Standard Price Standard Direct Materials 60 inches $3.25 per inch Direct Labor 3 hours $20 per hour During the month of September, C-Cubed planned on making 300 bikes, but it actually produced 275 bikes C-Cubed incurred the following costs: A 17,500 inches of chromoly steel were purchased at a cost of $3.50 per inch c.cubed used 19,000 Inches of chromoly steel in making the 275 bikes B Direct laborers worked 855 hours at an average rate of $22 per hour Compute the materials price variance for September Multiple Choice $47500 $4750F $4375F