In June, Ivanhoe Manufacturing purchased 6400 gallons of blue dye used to produce stone-washed denim clothing. The price per gallon was $1.23 and the company used 5800 gallons of the dye during the month. The standard price for the dye is $1.26. What is the materials price variance for Ivanhoe for June? $174 favorable $174 unfavorable $192 favorable $192 unfavorable Attempts: 0 of 1 used