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Craydye makes all sorts of moldings. Its standard quantity of material allowed is 1.1 foot of wood per 1 foot of molding at a

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Craydye makes all sorts of moldings. Its standard quantity of material allowed is 1.1 foot of wood per 1 foot of molding at a standard price of $3.05 per foot. During August, it purchased 227,437 feet of wood at a cost of $3.57 per foot, which produced only 205,994 feet of molding. Calculate the materials price variance. Report your result as a positive number.

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