During February, the company produced 49,393 units using 62,640 pounds purchased at 0.04 per pound. The standard price per pound is $.01 and the standard quantity is 18 pounds per unit. Calculate the Material Price Variance to the nearest one dollar. If the variance is favorable, put - sign in from of the answer. If the variance is unfavorable, leave the answer positive. As always, leave out all commas and dollar signs. You Answered 8,264 Correct Answer 1,879 margin of error +/- 1 I Multiply the Actual Price paid times the Actual Quantity purchased less the Standard Price per unit times the Actual Quantity purchased. A negative answer is a favorable MPV and a positive answer is an unfavorable MPV.